Stocks Tumble Around the World

June 29, 2010

Equities plunged 4.6% in China following a revision to the economy’s index of leading economic indicators to 0.3% from 1.7% reported originally.  This is a recently developed indicator of the Conference Board, which has been calculating a similar statistic for the United States and Europe. The Chinese market’s steep losses spearheaded other sharp stock market […] More

Next Week

June 25, 2010

Wednesday will mark the end of a quarter and the mid-point of 2010.  Canada celebrates Canada on Thursday, and dealing rooms will close early on Friday in the U.S. for the Independence Day weekend.  A Swedish interest rate hike is expected on Thursday.  Monetary policy meetings in Romania, Israel and Poland probably will not result […] More

G-20 Statement a Dud… Greek Concerns Persisting

April 26, 2010

The dollar is mixed, with gains of 0.3% against the euro, Swissy, and yen but losses of 0.5% against the kiwi, 0.4% against sterling, 0.3% against the Australian dollar and 0.1% against the Canadian dollar.  Greek unions continue to protest reforms, and German rhetorical foot-dragging on aid to Greece also persists. Stocks jumped 2.3% in […] More

Greek IMF Talks Began Today and G-20 Meeting Starts Tomorrow

April 21, 2010

The dollar has slid 0.3% against sterling and the Canadian dollar.  The greenback is off 0.1% versus the kiwi, flat relative to the yen and Swissy, but up by 0.2% against the euro and 0.1% against the Australian dollar.  Talks began today in Athens with the EU and IMF to activate emergency aid for Greece.  […] More