German and French CPI
Financial Markets Give President Trump a Vote of No Confidence
February 27, 2026
The week of President Trump’s State of the Union Address is ending with steep losses in U.S. equities, a drop of the 10-year Treasury yield below 4.0%, a big rise in the prices of oil, gold and silver, weaker crypto, and a flat dollar. Investors are reacting to today’s unexpectedly sharp rise of U.S. producer […] More
Dollar and Equities Up on Day Before Threatened Tariff Hike
January 31, 2025
The dollar rose overnight by 0.8% against the Mexican peso, 0.4% relative to the yen and won, 0.2% vis-a-vis the Chinese yuan, and 0.1% versus the euro and sterling. Stock markets remained on holiday in China, Taiwan and Hong Kong but rose 1.4% in Singapore. Major European equity indices are up modestly, and U.S. stock […] More
Disappointing Tech Earnings, FOMC Statement, BOJ Signal and End-Month Data Dump Make for a Busy Day
January 31, 2024
In pre-market trading, share prices for Advanced Micro Devices, Google and Microsoft are currently down by 3.9%, 5.3% and 0.9% following earnings reports that were not as robust as expected. The FOMC rate announcement today is due at 14:00 EST (19:00 GMT). A clear signal of what the Fed may decide in March seems unlikely, […] More
Further Big Rise in Bond Yields
January 4, 2024
Ten-year sovereign debt yields overnight rose by a further 13 basis points in Greece, 12 bps in Italy, 10 bps in Spain, 9 bps in France and Germany, 8 bps in the U.K. and seven basis points in the United States. Amid this backing up of long-term interest rates, equities remained on their back foot, […] More
Many Data to Absorb Plus Bank of Japan Finally Modifies Yield Curve Control Parameters
July 28, 2023
At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […] More
CPI Inflation Rose in April to 24-, 14- and 151-Month Highs Germany, France and the United States
May 12, 2021
Equity markets remain vulnerable to fears that higher inflation will compel central banks to raise interest rates sooner than forward guidance has been suggesting. Markets closed down today by 4.1% in Taiwan, 1.6% in Japan, 1.5% in South Korea, and 0.7% in Singapore and Australia. U.S. stock futures are somewhat lower, too. Share prices recovered […] More
Dollar Broadly Higher as Investors Seek Clarity on Brexit Mess and U.S.-Sino Trade Talks
March 14, 2019
British MPs last night defeated a motion for allowing the U.K. to leave the EU without any Brexit deal by a vote of 321-278. Today’s vote will be a motion to extend the Article 50 deadline beyond March 29th. Prime Minister May aims to hold another vote within the week on her Brexit deal. A […] More
Bond Yields, Oil and Dollar Down, Equities and Gold Up
July 13, 2017
The dollar depreciated 0.7% against the Australian dollar, 0.3% relative to sterling, and 0.1% vis-a-vis the yen, yuan, peso, kiwi and loonie. Exceptions to this downtrend were daily dollar rises of 0.3% against the euro and 0.1% relative to the Swiss franc. West Texas Intermediate crude oil fell 0.7% to $45.19 per barrel. Ten-year German […] More
Bond Yields Drop Further but Stocks and Dollar Trim Recent Move
March 12, 2015
Ten-year British gilt and Japanese JGB yields dropped another six and three basis points. The dollar’s uptrend has been interrupted by overnight losses of 2.2% against the New Zealand kiwi, 1.2% versus the Australian dollar, 0.7% vis-a-vis the Swiss franc, 0.6% relative to the euro and loonie, 0.5% against sterling and 0.3% versus the yen. […] More
