German current account and industrial production

Pandemonium on Many Fronts

March 9, 2020

The Covid-19 coronavirus continues to spread worldwide, with cases of about 111,500 so far, deaths of 3,833, and 13% of currently infected patients in serious or critical condition. Restrictions on movement have been tightened, many schools are shut, and riots have broken out in some prisons. The price of oil has plummeted. Brent dropped over […] More

Softer Dollar but Higher Share Prices

August 7, 2018

The dollar softened overnight by 0.6% against the Aussie dollar, 0.4% relative to the yuan and euro, 0.3% vis-a-vis the peso, loonie and kiwi, 0.2% versus the yen and Swiss franc, and 0.1% against sterling. Share prices climbed 2.7% in China, 2.0% in Hong Kong, 0.7% in Japan, and 0.6% in South Korea. Equities in […] More

Firmer Yen

January 9, 2018

The Japanese yen advanced 0.4% overnight against the dollar and by even more versus main European currencies. Investors reacted after the Bank of Japan bought fewer 10-year and longer JGBs in its operations today, which kindled suspicion the quantitative stimulus may be throttled back in 2018. The Japanese Nikkei-225 share price index climbed 0.6%, but […] More

Elevated Geopolitical Tensions Lifts Price of Gold and Sovereign Debt Prices

April 7, 2017

U.S. missiles bombed the Syrian airport from which the chemical weapons strike on Syrian rebels had been launched. Russian President Putin condemned the U.S. act, saying such has damaged relations with America. The ruble fell slightly more than 1%. Some wonder if this convenient sequence might in part have been orchestrated to dispel suspicion that […] More

Market Jitters as January 20th Nears

January 9, 2017

European share prices have so far today lost 1.6% in Italy, 0.8% in Greece, 0.6% in Spain, 0.5% in Germany, and 0.3% in Switzerland. Japanese markets were shut for Coming of Age Day. Stocks elsewhere in the Pacific Rim rose 0.9% in Australia and 0.5% in China and New Zealand but fell 0.6% in Indonesia. […] More

Australian and New Zealand Dollars Strengthened Overnight

April 9, 2015

The Oz and kiwi each advanced 0.7% against the U.S. dollar, which otherwise firmed 0.3% against the Swissie and 0.1% versus the yuan, euro and sterling but fell by 0.3% relative to the loonie and 0.1% against the yen. Share prices advanced 2.7% in Hong Kong, 0.8% in Japan, and 0.6% in India but fell […] More