German consumer prices

Many Data Already Reported… Now Waiting for U.S. CPI and FOMC Minutes

October 13, 2021

The dollar slipped overnight by 0.3% against the Swiss franc and sterling, 0.2% versus the euro, peso and on a DXY weighted basis, and 0.1% relative to the Canadian dollar, Chinese yuan, and Turkish lira. Ten-year sovereign debt yields have dropped four basis points in Germany and five bps in the U.K. but only a […] More

T Minus Five Weeks and Counting

September 29, 2020

The U.S. presidential and congressional elections are just five weeks away, and the first of three debates between Donald Trump and Joe Biden takes place in Cleveland tonight. In the wake of Trump tax information disclosed in the New York Times, that figures to be a major discussion topic, as will be America’s unfavorable handling […] More

Markets Watching G20 Meeting… More Low Inflation News

February 26, 2016

Finance Ministers and central bank chiefs from the Group of Twenty economies began a two-day conference in Shanghai.  The Governor of the Peoples Bank of China denied the yuan will be devalued and said other tools are available to support demand in the world’s second biggest economy.  Chinese property prices rose 2.5% in January.  More […] More

Strengthening Case for ECB to Ease Aggressively

June 2, 2014

Dollar gains overnight amounted to 0.6% against the Australian dollar, 0.5% versus the Swiss franc, 0.2% relative to the yen, euro and kiwi and 0.1% against the loonie.  The dollar is unchanged vis-a-vis the yuan and sterling. Share prices advanced 2.1% in japan, 1.9% in Indonesia, 0.5% in Australia and 0.4% ain South Korea and […] More

Greater Investor Optimism

May 14, 2014

Hope is rising that policy steps will be taken in China to support property values. The Bank of England’s quarterly Inflation Report is not as hawkish as some were expecting.  Although projected a bigger decline in unemployment than seen in the February report, officials maintained a 3.4% 2014 growth forecast and anticipate inflation over the […] More

Data Focus on Europe

April 29, 2014

European stocks have risen 1.5% in Italy, 1.2% in Germany, 0.9% in Spain, 0.5% in Britain and Switzerland and 0.5% in France.  Equities in the Pacific Rim were mixed, with gains of 1.1% in China, 1.5% in Hong Kong, 0.7% in Taiwan and 0.6% in New Zealand but losses of 1.0% in Japan, 0.9% in […] More

Geopolitical Tensions Intensify Market Fear of Risk

February 27, 2014

Escalating tension within Ukraine between those loyal to Russia and those seeking closer ties with Europe sent the hyrvnia tumbling some 10% to 11.2/USD.  Global financial markets have been infected, with sovereign debt yields and equities falling but the yen and dollar rising. Stocks in Europe have declined by 1.5% in Germany, 1.3% in Spain, […] More

Sinking Confidence amid Disinflation

November 12, 2013

The dollar strengthened overnight by 0.7% against sterling, 0.5% versus the yen and kiwi, 0.4% relative to the Australian dollar, 0.2% against the loonie and 0.1% vis-a-vis the euro and Swiss franc.  The yuan remains unchanged. Pacific Rim equities varied widely.  Japan’s Nikkei jumped 2.2%, and stocks also gained 1.0% in china and 0.9% in […] More

Euro Stronger and Dollar Soft

April 11, 2013

The euro reached new highs of $1.3135 and JPY 130.84.  The yen matched but did not go through yesterday’s low of 99.87 per dollar.  On balance since Wednesday’s closing levels, the dollar shows losses of 1.0% against the kiwi, 0.6% versus the loonie, 0.5% relative to the Swiss franc, 0.4% against the euro and sterling […] More

Storm Front Coming

October 29, 2012

A monster storm will slam into the Northeast of the United States today.  There will be no equity trading in New York City today, and bond markets close at noon.  Wall Street may be under water from the storm surge.  Damages from wind and flooding figure to run into the billions of dollars.  Power outages […] More