Euroland retail PMI
Stocks Up in U.S. and Europe After Dropping Overnight in Asia
July 5, 2018
Asian equities fell to 8-9 month lows overnight, including losses of 1.0% in Taiwan, 0.9% in China and 0.8% in Japan. The Trump Administration is set to impose more than $30 billion of additional tariffs on Chinese imports, and China plans to match that raise immediately. The weakness of Asian markets did not carry over […] More
WTI Oil Above $70 Per Barrel for First Time Since Thanksgiving 2014
May 7, 2018
Compared to closing levels before the weekend, the dollar has climbed 0.8% against the peso, 0.4% relative to the euro, 0.2% vis-a-vis the yen, Swiss franc and Australian dollar, and 0.1% vis-a-vis the yuan. Sterling and the Canadian dollar are 0.3% and 0.1% firmer, and the kiwi is unchanged. The Indonesian rupiah weakened through the […] More
U.S. Jobs Day but That’s Been Overshadowed by Re-escalating Trade Tensions
April 6, 2018
Forecasters anticipate the U.S. March labor market data will show creation of almost 200K jobs, a further small dip in the unemployment rate, and a pickup of hourly wage earnings growth. Share prices and commodity prices fell overnight in response to fresh concern that the U.S.-Sino trade dispute cannot be negotiated away. President Trump has […] More
Waiting for Friday’s U.S. Jobs Report
October 6, 2016
The dollar firmed 0.4% against the Swiss franc and Aussie dollar, 0.3% relative to sterling, 0.2% versus the euro, loonie and kiwi, and 0.1% against the yen. Chinese markets remain closed. Tomorrow’s jobs reports is not expected to dampen current speculation that the Fed will tighten by December and maybe even in November. Oil’s upward […] More
Markets Moved by Fed Rhetoric and British Opinion Surveys
June 6, 2016
With less than three weeks until the U.K. voter referendum on whether to remain part of the European Union, two surveys showed more people wanting to exit than to stay, although the margin was narrow in each case. Sterling has fallen 0.7% against the dollar, but the Ftse is 1.0% stronger. Commodities are up in […] More
Corrective Day in the Market
January 7, 2015
Stocks and sovereign debt yields are higher. So is oil (marginally) and the dollar. Gold slid for the first time in several sessions. Much can change before this day is done. Several data releases are due: minutes from the December FOMC meeting, U.S. and Canadian trade figures, the ADP estimate of U.S. private employment growth […] More
Central Bank Hit Parade
September 4, 2014
In a surprise move, the ECB cut all three of its interest rates by 10 basis points to a marginal lending rate of 0.30%, a refinancing rate of 0.05%, and a deposit rate of -0.2%. All three rates had been cut in July. Now markets await other possible steps like the purchase of ABS securities. […] More
