German factory orders
Disappointing Data and Inflammatory Remarks from Pompeo ahead of U.S. Jobs Report
September 4, 2020
After Thursday’s selloff, financial markets have quieted ahead of the U.S. August labor market report. Share prices in the Pacific Rim fell 3.1% in Australia, 2.0% in New Zealand, 1.3% in Hong Kong, 1.1% in Japan, and 0.9% in China, but European markets bounced up 1.2% in Spain, 0.4% in Italy, and 0.3% in the […] More
Global Stock Market Rally
July 6, 2020
Share prices in Asia overnight leaped 5.7% in China, 3.8% in Hong Kong,1.8% in Japan, 1.7% in South Korea, 1.4% in Singapore and 1.3% in India. Key markets around Europe are currently up by 2.3% in Spain, 1.9% in Italy, 1.8% in Great Britain, 1.6% in France and Germany and 1.0% in Switzerland. A U.S. […] More
Share Prices Up on Hopes that Covid-19 May Be Starting to Lessen
April 6, 2020
Stock markets in the Pacific Rim rallied 4.3% in Australia, 4.2% in Japan and South Korea, 4.1% in Indonesia, 2.2% in Hong Kong, and 1.6% in Taiwan. China and India did not partake in this rebound as those markets were closed Monday for the Ching Ming Festival and Mahavir Jayanti Holiday. Equities in Europe have […] More
China Leads Overnight Selloff in Stocks
March 8, 2019
Downward pressure on global equities caused by evidence of a slowdown had been building this week but intensified overnight. Share prices in the Pacific Rim plunged 4.4% in China, 2.8% in Hong Kong, 2.0% in Japan, 1.3% in South Korea, 1.2% in Indonesia and Australia, and 1.0% in Singapore. In Europe so far, stocks are […] More
Awaiting U.S. Jobs Report and the Kavanaugh Vote and Watching Sino-U.S. Trade Dispute Intensify
October 5, 2018
Wednesday’s ADP estimate of private employment growth and very low jobless insurance claims suggest a very large jump in U.S. non-farm payroll jobs. The Labor Dept announces the figure at 08:30 EDT. A cloture procedural vote on the Kavanaugh debate mid-day should set the stage for a a full senate confirmation vote Saturday. Best guess […] More
Dollar and Treasury Yields Lifted by U.S. Jobs Report
August 4, 2017
The dollar rebounded sharply, advancing 1.0% against the euro, 0.8% relative to the yen and sterling, 0.7% versus the loonie, 0.6% vis-a-vis the Australian dollar, 0.5% against the Swiss franc and kiwi, 0.3% versus the peso and 0.2% relative to the yuan. The 10-year Treasury yield climbed six basis points to 2.28% and exerted coattails […] More
Chinese Trade Data, German Industrial Orders, More Greek Austerity, and an Austrian Political Crisis
May 9, 2016
China reported a wider $45.6 billion current account surplus in April, but that increase was overshadowed by a larger 10.9% on-year drop in imports and a return to on-year slippage in exports which fell by 1.8%. Chinese reserves increased $6.4 billion on month to $3.219 trillion. German factory orders recovered more strongly than expected in […] More
Global Risk Aversion Ahead of U.S. August Jobs Report
September 4, 2015
Stocks in the Pacific Rim fell 2.2% in Japan and Indonesia, 1.5% in Singapore and South Korea, 0.7% in Hong Kong, 0.5% in New Zealand and 0.2% in China. Stocks in Europe are down 2.4% in Italy, 2.1% in Germany, 2.2% in France, 1.8% in the U.K., 2.0% in Spain, and 1.5% in Switzerland. Today […] More
Greek Voters Send Message
July 6, 2015
The “No” margin of victory, which exceeded 61% of the vote, far surpassed all expectations and has exposed the Achilles Heel of the common European currency experiment, namely its lack of adequate popular mandate ever since the project’s inception. The Maastricht Treaty upon which EMU is based had to be ratified by all participating nations, […] More
Upbeat Winter EU Commission Outlook Boosts Euro
February 5, 2015
The euro has risen 0.8% against the dollar, overcoming the hard line taken by the ECB on acceptable Greek collateral for debt funding. The EU Commission released new GDP forecasts, showing positive projected growth by all member states for the first time since 2007. Euro area growth this year was bumped higher to 1.3% from […] More
