Japanese and German current accounts
Global Stock Markets and Dollar Pause
November 9, 2021
The strength of equities in October and the first week of November was fed by the tapering patience of major central banks, evidence of continuing economic recovery in spite of Covid and inflation, and robust corporate earnings. But new concerns are adding to the pile. Biden’s still-unannounced choice to lead the Fed Board of Governors […] More
Awaiting U.S. September Jobs Data
October 8, 2021
Equity markets and the dollar stayed in place overnight, pending new clues from the U.S. Labor Dept report. The dollar on balance is unchanged against the euro, loonie, Swiss franc and weighted DXY index. The dollar edged up 0.1% versus the yen, kiwi, and Aussie dollar and down 0.2% relative to the peso and 0.1% […] More
Fresh Wave of Risk-Aversion: Share Prices Now Following the Slide in Long-Term Interest Rates
July 8, 2021
U.S. stock futures point to a drop of around 1.3% at the U.S. open. Share prices Thursday closed down by 2.9% in Hong Kong, 1.1% in Singapore, 1.0% in South Korea, 0.9% in Japan and 0.8% in China. European stock markets so far have lost over 1.5% in German and the U.K. and more than […] More
Atypically High Amount of Data Reported This Monday
September 9, 2019
Data releases rather than market action were in today’s spotlight. Japanese real GDP growth last quarter was revised downward by a half percentage point to an annualized 1.3% from the first quarter. Business investment and exports were weaker than estimated initially. Real GDP was 1.0% greater than in the second quarter of 2018, and the […] More
Political Fireworks but Markets Calm, Awaiting FOMC Announcement
November 8, 2018
U.S. Attorney General Sessions is out and will be replaced by someone critical of the Mueller investigation. President Trump wasted little time adopting a very confrontational stance to the Democratic majority in the House. The FOMC is not expected to hike interest rates today. No press conference is scheduled, but expectations are widespread that there […] More
Market Focused on Russia, China and Hungary
April 9, 2018
Amid concern over the impact of economic sanctions against Russia, the dollar has appreciated 3% against the ruble, and Russian equities plunged some 11% today. Facebook CEO Mark Zuckerberg will be testifying before Congress tomorrow and Wednesday. Expectations about how trade tensions between the United States and China get resolved continue to see-saw day-by-day, if […] More
Euro Hits New 2012 Low against the Dollar
July 9, 2012
The dollar is 0.2% softer on balance against the euro and Swiss franc but earlier touched $1.2256. Before the weekend on Friday, the common European currency got as weak as $1.2259, breaking below the prior 2012 low of $1.2289 set on June 1. The dollar has edged 0.1% lower against the yen but shows gains […] More
