German CPI

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

Dollar Falters

July 29, 2021

The dollar fell overnight by 0.4% against the euro, peso, Swissie, and DXY weighted index but even more versus the New Zealand dollar and Turkish lira (each 0.7%), loonie (0.6%), and yuan and sterling (each 0.5%). Lesser dollar declines of 0.3% and 0.2% occurred against the Australian dollar and Japanese yen, respectively. Equities, commodity prices, […] More

Dollar Strengthened against Other Currencies and Gold

June 29, 2021

The driving force behind today’s rise in the dollar has been Covid worries. Against this dominant concern, signs of improving economic confidence and evidence that inflation may be cresting have exerted little influence on financial market trading. From a global standpoint, over a third of a million new coronavirus infections were identified in the past […] More

Active Day for Data Releases; U.S. Markets Closed for Memorial Day

May 31, 2021

First-quarter GDP data were reported by several countries. Turkish GDP advanced 1.7% on quarter. This was the third consecutive quarter of positive growth following an 11.0% plunge in the second quarter of 2020, and it lifted the year-on-year growth rate to a 3-year high of 7.0%, exceeding analyst expectations. A 0.9% recovery of the beleaguered […] More

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