German and British industrial production

Euroland Stocks Rally and Oil Retreats Further

December 7, 2016

The ECB Governing Council, which meets tomorrow and is scheduled to release new forecasts, is widely expected to unveil an extension of planned asset purchases beyond March 2017, the current termination date of the program. Stock markets are up today in Europe by 2.9% in Greece, 1.6% in Germany, 1.5% in the U.K., 1.8% in […] More

Oil Rebounds and Another Warning against Rapid Yen Swings

April 8, 2016

West Texas Intermediate crude oil rose 3.5% to $37.56 per barrel, taking some shine of the risk averse mood of recent sessions. There’s some hope that a scheduled OPEC meeting later this month could produce an accord with Russia to limit production. Share prices in Europe have rebounded 3.2% in Italy, 1.6% in Greece, 1.3% […] More

Mostly Firmer Dollar Ahead of U.S. Jobs Report

November 6, 2015

The U.S. currency shows overnight gains of 0.6% relative to sterling, 0.3% vis-a-vis the loonie, 0.2% versus the yen and 0.1% against the euro, Swissie and yuan.  The dollar is 0.1% softer against the New Zealand and Australian dollars. Investors generally expect September’s weaker-than-anticipated jobs report to be followed by a solid October set of […] More

BOJ Meeting and Several European Industrial Production Releases

October 7, 2015

The dollar shows losses of around 1% overnight against the Australian and New Zealand dollars.  It also fell 0.6% relative to sterling and 0.2% vis-a-vis the yen and loonie but is 0.2% higher against the euro.  The Swissie and yuan are steady. Share prices around the Pacific Rim leaped 3.9% in Hong Kong, 2.2% in […] More

Janet Yellen’s Day

October 9, 2013

Press reports emerged overnight that President Obama will announce today his nomination of Fed Vice-Chairperson Yellen to succeed Chairman Bernanke, whose term expires at the end of January 2014.  Yellen has extensive training as an economist and experience in the Federal Reserve System.  While she has an image in market circles for being dovish because […] More