German wholesale prices
Marking Time Ahead of U.S. Producer Price Release
February 16, 2024
The dollar is unchanged from Thursday closing levels against the euro, sterling, yuan, peso and Canadian dollar. The greenback has dipped 0.1% versus the Australian and New Zealand dollars but edged up 0.1% relative to the Swiss franc. Chinese markets remain shut as they’ve been all week in observance of the start of the Year […] More
Wait and See
September 12, 2023
Financial markets are marking time ahead of tomorrow’s ECB rate announcement and press conference and the release of U.S. consumer price, producer price and import price data later this week. In spite of speculation that the peak in central bank interest rates may be close at hand, there have been adverse surprises regarding corporate earnings. […] More
Disappointing Chinese Data to Kick Off the Week
May 16, 2022
Investors got some bad news from April Chinese economic data and the European Union’s spring forecast. Equity markets closed down 0.3% in China, South Korea, and India but up 0.5% in Japan and 0.3% in Australia. The German Dax and Paris Cac are down 0.6% and 0.4%, and U.S. stock futures have dropped, too. Ten-year […] More
Data Mix of Elevated Inflation Despite Moderating Growth
October 12, 2021
Today’s menu of price data around the world revealed The highest rate of Japanese domestic producer price inflation (6.3%) since September 2008 and also a larger 31.3% year-on-year leap in import prices. The steepest on-year jump in German wholesale prices (13.2%) since June 1974. As then, energy played a prominent role in the spike. The […] More
Ten-Year U.S. Treasury Stays Firm but Dollar and Equity Moves Have Been Muted
March 15, 2021
The ten-year U.S. Treasury yield is unchanged on balance at 1.62% after touching a 13-month high of 1.635%. The price of a Bitcoin moved briefly above $60,000 but also has settled back. The dollar has risen 0.5% against the Aussie dollar and 0.3% relative to the euro but only 0.1% against the yen, sterling, and […] More
Coronavirus Cases Accelerate But Investors Also Focused on 2Q Corporate Earnings
July 13, 2020
Almost 2000 U.S. deaths have been attributed to Covid-19 since this time Friday, and the number of globally reported cases rose more than 600k to 13.06 million. Stock markets are nonetheless higher as investors await the start of the second quarter earnings season. Share prices rose 2.2% in Japan, 1.8% in China, 1.7% in South […] More
