Japan all industry index

Sterling Up, Yuan Down

August 22, 2019

Sterling strengthened 0.9% against the dollar and euro overnight. This appreciation was a response to remarks by German Chancellor Merkel after talks with British Prime Minister Johnson. Merkel considers a solution on the contentious border issue between Northern Ireland and the rest of Ireland still possible by the October 31st Brexit deadline. The Chinese yuan […] More

A New Week Begins for Financial Markets and Trump Administration

August 21, 2017

Markets mostly marked time at the start of August’s fourth week, digesting an incredible week in U.S. politics and awaiting the Jackson Hole central bank symposium that begins on Thursday. The dollar was narrowly mixed overnight, rising 0.3% against the Swiss franc, 0.2% versus the loonie and 0.1% relative to the euro and Australian dollar, […] More

Data to Digest

October 21, 2014

Data released earlier today include Chinese GDP, retail sales, industrial production and business investment, revised Euroland deficit- and debt-GDP ratios, and Japan’s all-industry index.   U.S. existing home sales and weekly chain store sales figures are awaited.  Markets are also getting some corporate earnings reports, which have exceeded expectations.  The dollar is unchanged overnight against the […] More

Second Greek Bailout Agreed and Met with Market Skepticism

February 21, 2012

EU finance ministers in Brussels reached agreement on a Greek bailout in the wee early hours of Tuesday.  EUR/USD initially advanced to $1.3294 but settled back to $1.3222 currently, a net overnight loss of 0.2% for the common currency.  The dollar also has climbed 0.9% against the Australian dollar, 0.6% versus the kiwi, 0.3% relative […] More

Awaiting Greek Parliamentary Vote of Confidence

June 21, 2011

A vote of confidence on Prime Minister Papandreou’s reshuffled cabinet and almost EUR 80 billion of proposed Greek budget cuts and asset sales is due later today.  Investors are optimistic he will survive, because a negative vote would precipitate fresh elections and probable Greek default, an outcome that is too difficult to contemplate.  Approval is […] More