Eurozone current account
Another Violent Act Slows Market Stampede into Safe Havens
June 17, 2016
Call it a second shot heard round the world. Campaigning was suspended by both the “leaves” and the “remains” ahead of next Thursday’s U.K. referendum on whether to stay in the EU or abandon such. This hiatus followed the assassination of MP Jo Cox, who had favored remaining in the European Union. Assets perceived […] More
Stocks and Commodities Show Better Tone
May 20, 2016
Share prices in Europe have thus far recovered today by 2.3% in Greece, 1.3% in the U.K., 1.1% in France and Italy, 1.0% in Switzerland, and 0.9% in both Germany and Spain. Most markets in the Pacific Rim closed higher, too, such as Japan (0.5%), Australia (0.5%), Singapore (0.9%), China (0.7%), Hong Kong (0.7%), and […] More
Markets Confused and Fearful about the Coming Year
December 18, 2015
Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More
Markets Confused and Fearful about the Coming Year
December 18, 2015
Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More
Signals from the Fed, Bank of Japan and ECB
November 19, 2015
FOMC minutes from the October meeting released Wednesday afternoon showed most members inclined to hike the federal funds rate in December but also underscored an intention to normalize policy gradually thereafter and spreading doubts that the peak can lie much above 2%. A five hour 20 minute meeting of the Bank of Japan Board over […] More
Greek Banks Reopen, Share Prices Higher in Europe, and Gold Lower
July 20, 2015
The U.S. dollar fell 0.8% against the kiwi overnight but shows small gains of 0.3% relative to sterling, 0.2% vis-a-vis the Swiss franc and 0.1% against the yen, loonie and Aussie dollar. The euro and yuan are steady. Equities have risen 1.5% in Italy, 1.0% in Spain and Germany, 0.9% in France, 0.6% in Greece […] More
Some Guarded Optimism Regarding Greece
March 20, 2015
Talks yesterday between Greek leaders and that economy’s creditors were reportedly productive. Greece is to present a list very soon of reforms that it will do. Until then, the main loan will not go through, so Greece will need some kind of stop-gap support in the immediate time ahead. At least the sides are talking, […] More
