German CPI

Post-CPI Equity Rally Gets Fresh Thrust from Chinese Covid Changes; DXY Has Dropped 5.4% Since Nov 3rd

November 11, 2022

On this Veteran’s Day holiday, U.S. banks will be closed, but the stock market is trading. U.S. equities had their biggest daily advance in over two years after Thursday’s CPI report, and stock futures this morning show a further 0.5% advance. Chinese officials, after initially denying rumors that a relaxation of the Zero Covid policy […] More

Waiting for U.S. CPI Data on Otherwise Light Load of Released Indicators

October 13, 2022

Equities fell sharply in Asia but are modestly higher in Europe and U.S. futures trading. Analysts expect today’s monthly release of U.S. consumer price figures to show a dip in overall inflation but higher underlying price pressure during September. The dollar overnight lost 0.4% against sterling and 0.3% versus the euro and measured by the […] More

Bottom-Fishing and Lots of Data

August 30, 2022

Share prices in the Pacific Rim rebounded 2.7% in India, 1.2% in New Zealand, 1.1% in Japan, and 1.0% in South Korea. The German Dax, Paris Cac and Milan exchange currently show gains so far today of 1.4%, 0.6% and o.9%, but U.S. share prices are pretty listless, suggesting that a market bottom has not […] More

Investors Believe that Today’s U.S. CPI Report Will Show a Lower Inflation Rate

May 11, 2022

Ahead of April CPI figures due at 12:30 GMT (08:30 EDT), U.S. stock futures are pointing to a rise of 1.0% or more. Analysts are predicting that on-year inflation will be closer to 8.0% than March’s 483-month high of 8.5%. It is an act of faith based in part on base effects as high month-on-month […] More

New Multi-Year Highs in the Dollar

April 28, 2022

The weighted DXY dollar index has advanced 0.7% on balance today and touched a 19-year high of 103.93, which constitutes an appreciation of 43.3 in April 2008 during the subprime mortgage financial crisis. Overnight dollar highs included a 20-year peak of 131.01 against the Japanese yen and $1.0471 versus the euro. Compared to closing levels […] More

Bracing for Escalating Wars in Ukraine and Against Inflation and Covid

April 12, 2022

All signs are pointing to a more focused and indiscriminate Russian assault on Ukraine. A coming tightening of Western economic sanctions drove the price of West Texas Intermediate oil up 4.1% overnight, but what Ukraine desperately needs is greater military support. That may be coming, too. Covid cases are rising again. 49.4 thousand new cases […] More

Many Investors Revising Expected Fed Tightening Upward as Inflationary Pressure Spreads and Other Central Banks Move Aggressively

February 11, 2022

There were further repercussions today in the aftermath of Thursday’s U.S. January CPI release. Some analysts now think that the federal funds rate could be hiked at every remaining FOMC meeting this year, and there’s been more speculation over the possibility of larger incremental moves than the standard of 25 basis points. The ten-year U.S. […] More

With Lunar New Year Under Way, Volatility Persists in Equities and Inflation Worries Remain Uppermost

January 31, 2022

On this last day of January, the Chinese Year of the Tiger has trading shut in China, Hong Kong, Taiwan, and South Korea. The Japanese Nikkei took its cue from the strong U.S. stock market performance on Friday, but that rally looks short-lived with DOW and S&P futures down about a half percent and the […] More

Highest British and German CPI Inflation in 357 and 354 months respectively

January 19, 2022

Inflation and Covid-19 infections remain elevated around the world. Investors at the moment are reacting mostly to the inflation numbers, believing that economic activity has become more insulated against the pandemic. The expectation that central banks will continue tilting away from stimulus lifted ten-year sovereign debt yields overnight by five basis pints in the U.K., […] More

Higher Inflation and Disappointing Industrial Production Headline Friday’s Global Economic News

December 10, 2021

The dollar is unchanged compared to late Thursday against the yen, loonie, peso, sterling and measured by the weighted DXY index. The dollar strengthened 0.4% versus the Turkish lira but dipped 0.2% relative to the Swiss franc and o.1% versus the euro and peso. Ten-year U.S. Treasury and British gilt yields have slid four and […] More

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