German PPI

Dollar and Sovereign Debt Yields Lower, while Equities Rebound

November 22, 2022

The dollar  fell overnight  by 0.8% against the Swiss franc, 0.5% versus the yen and sterling and 0.3% relative to the euro, Aussie dollar and loonie. Ten-year sovereign debt yields dropped six basis points in the U.S., four bps in the U.K. but just a basis point in Germany. The DOW and S&P 500 are […] More

Dollar Gain Fueled by Higher Interest Rates, but Stocks and Bitcoin End Week on Very Sour Note

August 19, 2022

Ten-year sovereign debt yields soared overnight by 13 basis points in Germany and the U.K. and by 8 bps in the United States. A parade of remarks from Fed officials to dissuade any thought of an early end to aggressive monetary tightening was backed up by hawkish FOMC minutes released this week. The dollar appreciated […] More

Rising Inflation Dampening the Mood of Consumers Around the World

May 20, 2022

Amid bear markets, investors periodically test the waters in search of good values. Today has been one such day. The week will end with huge net share price declines, but on this Friday equities closed up 3.0% in Hong Kong, 2.9% in India, 1.8% in South Korea, 1.6% in China and Singapore, 1.4% in Indonesia […] More

China Plane Crash, Japanese Holiday, No Let-Up in Ukraine Clash, and a Percentage Point Hike in Egypt’s Central Bank Interest Rate

March 21, 2022

The dollar rose overnight by 0.4% against sterling and the Aussie dollar, 0.2% versus the Canadian dollar, 0.2% relative to the Canadian dollar, and 0.1% against the Swiss franc, euro, peso, and Turkish lira. With Japanese domestic markets closed for the Vernal Equinox, dollar/yen has remained steady. Capital controls continue to stabilize the Russian ruble […] More

Conflicting News on Russian/Ukraine Crisis

February 21, 2022

The one certainty at the Ukraine border is that a full-scale Russian invasion has not begun. Beyond that, its unclear whether to be more or less frightened about prospects than before the weekend. U.S. President Biden has agreed conditionally to meet with Russian President Putin. The condition is that Russian not invade before such talks, […] More

Dollar Ending Pre-Thanksgiving Week on a Strong Note, but Equities and Bond Yields Wobbly

November 19, 2021

The weighted DXY dollar index advanced 0.4% overnight, climbing 0.7% against the euro, 1.2% versus the Turkish lira, 0.5% relative to the Australian dollar, kiwi and sterling, 0.4% vis-a-vis the Canadian dollar but just 0.1% against the Swiss franc, which traditionally thrives when global inflation becomes a concern. News today on the Covid-19 front has […] More

Financial Market Sell-Off

September 20, 2021

Investors are worrying the Congress will this time fail to raise the debt ceiling, whose limit will be reached during October. Many earlier games of chicken over raising the debt ceiling have always been averted, but political divisiveness has never been so raw since the convention of debt ceilings were adopted. The consequence of not […] More

Week of Bad News Limping to a Close

August 20, 2021

Equity markets experienced another difficult day in Asia but have showed scant net change so far in Europe or the United States. Share prices closed down 1.8% in Hong Kong, 1.2% in South Korea, 1.1% in China and 1.0% in Japan. The weighted DXY dollar index touched a 9-month high of 93.73 overnight but is […] More

Dollar and Yen Continue benefiting from Post-FOMC Risk Aversion

June 18, 2021

The dollar edged 0.1% higher overnight against its weighted DXY index to its strongest level since April 12. In bilateral terms, the U.S. currency advanced 0.4% against the Australian dollar, 0.3% versus the New Zealand dollar and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie, but the dollar dipped 0.1% against […] More

Another Down Day Looms in U.S. Equities

May 20, 2021

U.S. stock indices fell on the first three trading days of this week, and futures point to a further slight loss at the open. FOMC minutes from the April 27-28 meeting revealed some committee members itching to begin considering a discussion on when to start tapering stimulus if U.S. data continue to show rapid improvement […] More

css.php