Hong Kong GDP
Much for Investors to Ponder on FOMC Day
July 29, 2020
In the seven weeks since the Federal Open Market Committee, a resurgent intensification of the Covid-19 pandemic has cast a long shadow over economic prospects in the United States and many other countries. Persistent urban protests in the United States, deepening strains between Beijing and Washington, and President Trump’s increasing desperation to redefine the election […] More
Equities around the World Hammered by Weak Data, Low Confidence, and Pompeo’s China Accusation
May 4, 2020
Share prices in Asia closed down 5.9% in India, 4.2% in Hong Kong, 2.7% in South Korea, 2.5% in Taiwan, 2.4% in Indonesia, and 2.3% in Singapore. European markets have so far lost 3.9% in France, 3.0% in Italy, 3.5% in Germany, and 2.6% in Spain. U.S. equity futures are struggling, too. Japan is closed […] More
Decline Continues in Equity Markets
February 26, 2020
The dollar climbed overnight by 0.6% against sterling, 0.5% relative to the Australian dollar, 0.3% versus the yen and peso, 0.2% vis-a-vis the loonie, and 0.1% against the yuan. The dollar also extended its uptrend against several developing country currencies like the South African rand and South Korean won. Alternatively, the dollar dipped 0.2% against […] More
PMI Surveys, Post-Brexit Britain, and Coronavirus Concerns Vie for Market’s Attention
February 3, 2020
The dollar advanced today by 1.5% against sterling and 1.2% against China’s renminbi. The European Union’s lead trade negotiator expressed doubt that a trade deal with the U.K. similar to what Britain shares with Canada can be reached this year. China’s stock market dived 7.7% on the first trading day after the New Year holiday […] More
More Weak Data around the Globe
August 16, 2019
New Zealand’s manufacturing purchasing managers index fell below the neutral threshold of “50” for the first time since September 2012, with a reading of 48.2 in July after 51.1 in June. U.S. housing starts dropped 4.0% in July to a 5-month low of 1,191 million units. This was only 0.6% greater than in July 2018. […] More
Thursday Losses in the Dollar Extended Slightly
May 11, 2018
The dollar slipped by a further 0.4% against sterling, 0.3% relative to the Swiss franc, Aussie dollar and yuan, 0.2% versus the euro, loonie and kiwi, and 0.1% vis-a-vis the yen. Yesterday’s report of U.S. consumer prices was a tad lower than feared. Stocks rose today in Asia but dropped a bit in Europe. With […] More
