German IFO index

Markets Stymied by Covid

January 25, 2021

The more contagious variant strains of Covid-19, tightening lockdowns in several countries, and Republican senator misgivings about undertaking another large fiscal stimulus have world investors unsure about what lies next for the world economy. The confusion can be seen in mixed financial market results. Stock markets rose today by 2.4% in Hong Kong, 2.2% in […] More

Australian Dollar Sinks 1% against U.S. Counterpart

April 24, 2019

Australian dollar weakness, evidence of gloomier business conditions in Germany, and a review of Canadian monetary policy highlight today’s market and economic developments. Softer-than-expected¬† consumer price inflation depressed Australia’s currency by spurring speculation that the Reserve Bank of Australia might cut its 1.5% Official Cash Rate further. Consumer prices were flat on quarter in 1Q, […] More

Dollar, Stocks, and Bond Yields Drop

March 27, 2017

Markets reacted poorly to the scrapped U.S. health care bill. Disappointment transcends Trump’s inability to secure this promised deal. The repeal and replacement of Obamacare was intended to generate cost savings to the government needed to finance planned tax cuts. Tax reform will now be associated with larger fiscal deficits than had been planned, so […] More

German IFO Figures Better Than Expected inn Otherwise Uneventful Overnight Session

March 25, 2015

The dollar moved 0.4% lower against the euro overnight and also lost 0.2% versus sterling and 0.1% relative to the yen, kiwi, Aussie dollar and Swiss franc.¬† The U.S. currency is unchanged against the loonie and has recouped 0.1% vis-a-vis the yuan. Stocks in the Pacific Rim fell 0.8% in Indonesia and China, 0.7% in […] More

Euro Trading Back Above $1.4000 But Greek Problem Persists

May 24, 2011

The euro, which touched a low of $1.3969 on Monday, recovered to $1.4108, 0.4% stronger than Monday’s close.  The dollar is also down overnight by 1.0% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to the Swiss franc, 0.3% against the yen and sterling, and 0.1% versus the Chinese yuan. Stocks have stabilized […] More

German IFO Survey Lifts Euro

January 21, 2011

The euro advanced as high as $1.3569 overnight, its strongest value since November 23, and shows a net gain of 0.4% against the dollar.  The U.S. currency is also down 0.4% against the Swiss franc, 0.2% versus the yen and 0.1% against the Canadian dollar.  The greenback shows no change relative to the yuan, Aussie […] More