French and Spanish industrial production.
Intensifying Flight to Safety
April 4, 2025
Normally the first Friday of every month is focused on the U.S. Labor Department release of the prior month’s jobs report but not this time. The radical program of reciprocal tariffs unveiled late Wednesday afternoon by President Trump continued to reverberate around world financial markets and government halls overnight. Inevitable retaliation from former ally and […] More
Multi-Pronged Blow to Stocks and Bonds but Dollar Soars
January 10, 2025
The People’s Bank of China announced a temporary suspension to its purchases of government bonds. The U.S. Labor Dept’s December employment situation report revealed more strength than forecast, notably in non-farm payroll jobs whose jump of 256k was the most in nine months and about 100k greater than the market consensus. Employment expanded by almost […] More
Service Sector Purchasing Manager Surveys and Some Central Banking Developments
April 5, 2023
The dollar overnight traded 0.6% higher against the Australian dollar, 0.5% lower versus the Japanese yen, and held steady on balance against the euro and Canadian dollar. Equities closed down 1.7% and 0.7% in Japan and Hong Kong and up 0.8% and 0.6% in India and South Korea. In Europe, the German Dax is down […] More
