Euroland unemployment

End of Third Quarter 2021

September 30, 2021

The DXY weighted dollar dipped 0.1% overnight but experienced a quarterly advance of around 2.5%. In the Pacific Rim, share prices on the final trading day of the quarter rose 1.9% in Australia, 1.4% in New Zealand, 2.0% in Indonesia, and 0.9% in China but fell by 0.4% in Hong Kong and 0.3% in Japan. […] More

Dollar and U.S. Equity Futures Down Marginally from Elevated Closing Levels on Monday

April 6, 2021

The dollar settled back 0.15% on a weighted index despite gains overnight against the Australian, Canadian and New Zealand dollars, the Turkish lira and pound sterling. After reaching record highs on Monday, U.S. S&P and DJIA futures have edged down 0.2% and 0.1%. Stock markets in the Pacific Rim fell 1.3% in Japan and 0.9% […] More

Equities Up but Little Change in Dollar Prior to U.S. Jobs Report Release

January 8, 2021

The biggest overnight dollar changes against a major currency are 0.3% dips relative to sterling and the Mexican peso, but the U.S. currency also firmed against the loonie and euro. U.S. equity futures rallied further overnight. In the Pacific Rim, stocks rose 4.0% in South Korea, 2.4% in Japan, 3.0% in Singapore, 1.4% in India […] More

Today’s Menu: Trade Data and Talks, Central Bank Meetings, and a Continuing U.S. Government Shutdown

January 9, 2019

Equity markets continued to rally after U.S.-Sino lower-level trade talks extended to a third day. Although no details about possible progress were revealed, investors took the unexpected third day of negotiations as a good sign that the dispute can be settled by March and avert a re-escalation of mutual big tariffs by the two countries […] More

Fourth Quarter Opens with Japanese Tankan Survey and a Slew of Manufacturing PMI Surveys

October 1, 2018

China will be closed all week, commemorating the communist revolution of 1949. Hong Kong’s market was similarly shut, and so was Australia’s due to Labour Day and the Queen’s Birthday observance there. A three-country Nafta remake including Canada as well as Mexico was fashioned at the last minute. Changes from the original deal were less […] More

Swoon of Stocks Continues Amid More Released Data and Ahead of Round 2 of the Powell Testimony

March 1, 2018

The newly minted Fed Chairman Jerome Powell will reprise his congressional Humphrey-Hawkins testimony at 10:00 EST, this time before the Senate Banking Committee. In the past two sessions since he testified before the House Financial Services Committee, the S&P and DOW dropped by 2.2% and 2.6%. Stocks overnight slumped 1.6% in Japan, 0.7% in Australia, […] More

Many PMI Reports on First Business Day of the Third Quarter

July 3, 2017

Markets this Monday are reacting to many cross-currents. The dollar has appreciated 0.3-0.5% against the yen, euro, Swissie, sterling, and Australian and and New Zealand currencies. It has risen more slightly versus the peso, yuan and loonie. Aside from declines in Australia of 0.7% and New Zealand of 0.4%, equities are mostly higher. Indonesia’s bourse, […] More

Market Jitters as January 20th Nears

January 9, 2017

European share prices have so far today lost 1.6% in Italy, 0.8% in Greece, 0.6% in Spain, 0.5% in Germany, and 0.3% in Switzerland. Japanese markets were shut for Coming of Age Day. Stocks elsewhere in the Pacific Rim rose 0.9% in Australia and 0.5% in China and New Zealand but fell 0.6% in Indonesia. […] More

Investors Brace for End-Month Flood of Information

July 31, 2012

Dollar movement overnight was limited to gains of 0.1% against the yen and sterling and losses of 0.3% versus the yuan, 0.2% against the euro, kiwi and Australian dollar, and 0.1% relative to the Swiss franc.  The loonie is unchanged against its U.S. counterpart. Share prices advanced 2.1% in South Korea, 1.6% in Taiwan, 1.1% […] More

Both Good and Bad News on a Busy Day

November 30, 2011

The People’s Bank of China implemented the first reserve ratio reduction, effective December 5, since 2008, cutting the ratio for largest banks by 50 basis points to 21.0%.  Such came after the close of trading and following a 3.3% drop in Chinese share prices on the final day of November.  The Bank of Thailand also […] More

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