Ifo index of German business climate

Paused Rise of Dollar and Sovereign Debt Yields but Commodity Rally Continued Overnight

April 24, 2018

The dollar slipped overnight by 0.2% against the Aussie dollar and sterling and 0.1% versus the euro. The kiwi and yen fell 0.3%, while the loonie is flat. The ten-year Treasury yield eased back a basis point and, at 2.97%, remains below the key 3.0% threshold. Ten-year German bund, British gilt and Japanese JGB yields […] More

Yen Strengthens as Markets Begin Yearend Positioning

December 19, 2016

The U.S. electoral college votes today and is widely expected to make Donald Trumps victory last month official. The dollar fell 0.9% against the yen. Japan reported another set of robust trade data. The customs trade surplus widened to JPY 536 billion in November, highest so far this year. Seasonally adjusted exports and imports posted […] More

IFO Monthly Report and a Setback in the Greek Talks

June 24, 2015

Yesterday’s proposal by Greek Prime Minister Tsipras was not accepted by all the Europeans.  News of this setback sent share prices down 3.8% in Greece and 0.9% in Germany, Spain and Italy.  Stocks fell also by 0.5% in France and Switzerland and by 0.1% in Great Britain.  The Greek fixed asset yield spread above Germany […] More

Toxic Remarks from the Dallas Federal Reserve President

September 24, 2013

The Federal Reserve has become even more embroiled in a politicizing maelstrom.  Dallas Fed President Richard Fisher has aired its dirty laundry in public, with highly critical remarks about 1) President Obama’s poorly handled hunt for a successor to Chairman Bernanke and 2) the Fed’s decision not to taper.  He argued that Fed credibility has […] More