German and British trade
Strong U.S., Japanese, Chinese, French and Canadian Data Reported and Brexit Talks Take a Step Forward
December 8, 2017
There have been some impressive stock market advances overnight in Asia (Japan 1.4%, Hong Kong 1.7%, Singapore 1.1%, and India 0.9) and Europe (Italy 1.3%, Germany 0.9%, Spain 0.8% and the U.K. 0.7%). The S&P is 0.4% firmer in early U.S. trading. The dollar is closing out the week on a high note, having risen […] More
Further Leap in U.S. Consumer Confidence Lifts Dollar
December 9, 2016
The Reuters/U. Michigan consumer sentiment index leaped to 98.0 in early December from final readings of 93.8 in November and 87.2 in October. The latest score almost matches the greatest optimism since 2004. Excitement about the coming Trump presidency appears responsible for this much greater-than-anticipated upturn. The dollar climbed overnight by 1.0% against the yen […] More
Persistent Worries about Global Growth
September 9, 2016
Markets had rallied earlier this week as perceived odds for a U.S. interest rate increase were trimmed because of softer-than-expected U.S. data. Now, markets are nervous again. The Fed may be proceeding very gradually with rate normalization, but at the same time other central bankerss like those at the ECB and BOJ are having mounting […] More
Dour Data but Stocks Up
May 10, 2016
The dollar rose overnight by 0.6% against the yen and kiwi, 0.3% versus the Swiss franc, 0.2% relative to the loonie and 0.1% against the euro. The dollar is down 0.3% against the Australian dollar and 0.2% relative to sterling. The yuan is unchanged. Share prices in the Pacific Rim advanced 2.2% in Japan, 0.8% […] More
