Italian industrial production

Big Jump in Fossil Fuel Prices Marks U.S. Holiday

October 11, 2021

Financial market depth today will be diminished by holidays in Canada (Thanksgiving) and the United States (formerly known as Columbus Day but renamed Indigenous Peoples’ Day in many states). Inflationary concerns around the world are being inflamed by a 3.3% overnight additional leap in the price of WTI oil to around $82/barrel. That price hadn’t […] More

Stocks Attempt to Bounce but Outlook Uncertain

July 9, 2021

Following Thursday’s wave of risk aversion, equities and sovereign debt yields rose in early Friday trading, and the dollar edged lower. Several Chinese and British data were release. The People’s Bank of China cut reserve requirements by 50 basis points, which is projected to release about one trillion yuan of extra liquidity and hopefully buttress […] More

Persistent Inflation Concerns Upsetting Equity Markets and Dollar to Lesser Extent

May 11, 2021

A sampling of Asian stock markets suffered loses Tuesday of 3.8% in Taiwan, 3.1% in Japan, 2.0% in Hong Kong, and 1.2% in Singapore and South Korea. Australia’s market fell 1.1%, and in Europe, markets are down currently by between 1.4% and 2.3% in Switzerland, Spain, Italy, France, the U.K. and Germany. Technology stocks have […] More

Waves of Pessimism Persist on Numerous Fronts

June 11, 2020

The spreading of Covid-19 infections has intensified in several areas including big U.S. states like California, Florida, and Texas. Total U.S. reported cases eclipsed 2 million and at 2.066 million now represent 27.6% of the global total. As forecast by medical experts, reopening businesses has occurred at a clear cost, and this trade-off can be […] More

Dollar Strengthens at Start of Fresh Week

May 11, 2020

Global cases of Covid-19 now exceed 4.2 million and have resulted in 284,156 confirmed deaths. A third of the cases have been found in the United States, but the push to reopen the country on a uneven and gradual basis has continuing momentum. Overnight gains in the dollar amount to 0.8% against the kiwi, 0.6% […] More

Little Overnight Change in the Dollar

December 10, 2019

The dollar rose 0.3% against sterling and the Australian dollar but shows nil overnight change otherwise. Stocks were narrowly mixed in the Pacific Rim and are down slightly in Europe. There been little share price movement in the U.S. thus far today. Ten-year sovereign debt yields firmed three basis points in Great Britain as the […] More

Euro Sinks 0.6% to 16-Month Low of $1.1240

November 12, 2018

The optics went very poorly for U.S. President Trump at centennial WWI Armistice observances in Paris, where he had to scrap a cemetery visit, was left out of other shared activities, heard a sharp rebuke of nationalism by French President Macron, and endured a stream of troubling political developments happening back in Washington. Currency markets […] More

Oil Down, Dollar Up on a Lean Day for Data

July 11, 2017

West Texas Intermediate crude oil sank 0.9% to $44.01 per barrel, snuffing out yesterday’s nascent recovery. Comex gold fell 0.3% to $1,209.20. The dollar also advanced against other paper currencies, rising 0.8% versus the kiwi, 0.7% relative to the Australian dollar, 0.3% vis-a-vis the Mexican peso, Swiss franc and yen, and 0.2% against the loonie. […] More

Storm Front Coming to the North-Eastern U.S Corridor

March 13, 2017

The coming week was already shaping up to be laden with market-moving developments such as the Fed’s virtually certain interest rate hike and Dutch parliamentary elections, each set for Wednesday. Now comes word that two storm fronts will be merging within 24 hours, creating blizzard conditions and resulting in a foot or more snow in […] More

Several Japanese Indicators Released but Little Currency Movement this Monday

February 10, 2014

The dollar is unchanged against the euro, Swissie and loonie, up 0.4% against the Australian and New Zealand dollars, up 0.1% versus sterling and down 0.1% relative to the yuan and yen.  Emerging market currencies slid to start the week, including depreciations of 0.6% in the rand and 1.0% in Hungary’s forint. Share prices leaped […] More

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