German import prices
4Q 2022 GDP Growth in Many Economies Reported This Last Day of February
February 28, 2023
The dollar is little changed aside from a gain of 0.4% against the yen and a 0.3% drop versus sterling. Ten-year sovereign debt yields have risen six basis points in Germany, France, Italy and Spain and by two bps in the United States and Great Britain. Share prices have been resilient today, considering the rise […] More
Heavy Data Menu, Updated IMF World Economic Outlook, and the FOMC Begins Two-Day Policy Review
January 31, 2023
On this last day of January, the weighted DXY dollar index has edged 0.1% higher but will post its fourth monthly decline in a row. Overnight dollar rises were strongest against the the Aussie dollar (0.9%), kiwi (0.6%), and sterling and loonie (both up 0.4%), but the euro slid only 0.1%, the Swiss franc is […] More
Investors Heartened by Unconfirmed Social Media Reports that Chinese Covid Restrictions Will Be Relaxed Soon
November 1, 2022
Stock markets in the Pacific Rim soared 5.2% in Hong Kong, 2.6% in China, 1.7% in Australia, 1.8% in South Korea, and 1.2% in Singapore. Japan’s Nikkei firmed only 0.3%, by contrast, but equities in German, France, Great Britain, Spain and Italy are all trading 1-2% higher so far today. U.S. future point to a […] More
Focus on European Data Releases and Lessening Covid Restrictions in China on this U.S. Memorial Day
May 30, 2022
Following Friday’s strong advance in U.S. equities, share prices in the Pacific Rim went up today by a sharp 2.1% in Hong Kong and Taiwan, 2.2% in Japan, 1.9% in India, 1.5% in Australia and 1.2% in South Korea. There have also been gains so far of 0.6% in the German and French stock markets […] More
Concerns about Corporate Earnings
April 29, 2022
Led by the tech sector especially pre-open declines of nearly 10% in Amazon and 2.5% in Apple, U.S. stock futures are lower on this final trading session of the difficult month of April. Amazon reported a quarterly drop in earnings, and Apple warned of persistent supply delays. Having touched a 19-year weighted high on Thursday, […] More
Dollar Strengthens on Day after Big Drop in Stocks
September 29, 2021
The DXY weighted dollar index rose 0.2% to an 11-month high overnight. Equities in the Pacific Rim picked up the baton from North America’s losing session the day before, dropping 2.1% in Japan, 1.8% in China, 1.9% in Taiwan, 1.2% in South Korea and 1.1% in Australia. However, European markets have mustered rebounds so far […] More
Powell Speech in 15 Minutes on a Data-Heavy Day
August 27, 2021
Fed Chairman Powell addresses the Jackson Hole Central Bank Symposium at 10 EDT. Markets have been comparatively flat, awaiting what Powell has to say regarding the tapering of Fed bond purchases and what officials anticipate for U.S. growth and inflation. The trade-weighted dollar has edged 0.1% higher. U.S. personal income in July, which had been […] More
Concerns Over Delta Covid Strains Weigh on European Equities
June 28, 2021
Net overnight movements in the dollar have been marginal and mixed, with dips of 0.5% versus the Turkish lira and 0.2% relative to sterling and upticks of 0.3% verus the Mexican peso, 0.2% against the Swiss franc and 0.1% vis-a-vis the Canadian, Australian and New Zealand dollars. The U.S. currency is unchanged against the yen, […] More
Across-the-Board Strength in the Dollar Early this Friday
May 28, 2021
Prior to today’s release of U.S. data, the dollar had advanced 1.3% against the Turkish lira, 0.6% versus the Swiss franc and Australian dollar, 0.4% vis-a-vis the loonie, peso and weighted DXY index, 0.2% versus the yen, and 0.3% against the euro and sterling. U.S. stock futures had extended yesterday’s gain by around 0.5%, and […] More
Dollar Firms…. Trump Wants Big Changes in Pandemic Relief Bill
December 23, 2020
The dollar rose overnight by 0.5% against the Swiss franc, 0.4% versus the euro, Aussie and New Zealand currencies and Mexican peso, and 0.2% relative to the yen, loonie, and sterling. Stocks also rebounded, with Asian gains of 1.0% in India and South Korea, 0.9% in Hong Kong, 0.8% in China, 0.3% in Japan, and […] More
