Japanese consumer confidence
A Very Busy Three Days Ahead
October 29, 2025
The final three days of October are full of events that financial markets are following closely: A slew of companies are reporting 3Q earnings, including META, Alphabet, Microsoft, Caterpillar, UBS, CVS, Starbucks, ADP and Verizon. Nvidia beat expectations, sending its stock up 5% overnight thus far. Ahead of the FOMC interest rate announcement today, President […] More
Dollar Advances about 0.3%
January 8, 2025
The dollar rose 0.3% overnight against the euro, yen, Swiss franc, peso and Aussie dollar. Adverse data were reported in Europe and Japan, and Trump in a press conference expanded on territorial expansion hopes. U.S. stock futures are also up around 0.3%. Oil is 1.0% more expensive, but Bitcoin’s price sank 1.2%. Share prices in […] More
Lots of Economic Data Around the World to Start New Month
March 1, 2024
U.S. stock futures are marginally softer after Yesterday’s rally. This contrasts with share price gains of 1.9% in Japan, 0.7% in India, 0.6% in Australia and the U.K. so far, 0.5% in Hong Kong and Germany so far and 0.4% in China. Whereas the 10-year U.S. Treasury yield has shed two basis points, comparable yields […] More
Solid U.S. Employment Report and Soft European Data
January 5, 2024
Just before U.S. jobs figures were released this morning, The dollar showed modest overnight gains of 0.3% against the yen, Swiss franc, Turkish lira and Australian dollar, 0.2% versus the euro and kiwi, and 0.1% relative to sterling and the Canadian dollar. Ten-year sovereign debt yields were 7 basis points higher in the U.K. and […] More
Softer Dollar as 2Q U.S. Growth Is Revised Slightly Lower
August 30, 2023
The dollar fell overnight by 0.7% against sterling, 0.4% relative to the euro, 0.3% against the Mexican peso, and 0.2% versus the loonie, Swiss franc, kiwi, and Aussie dollar. Alternatively, the greenback strengthened 0.8% against the Russian ruble and 0.6% against the Turkish lira. Equities around the world are narrowly mixed. U.S. corporate profits last […] More
Dollar Buoyed by Higher U.S. Long-Term Interest Rates and Reinvigorated Hawkish Fedspeak
March 2, 2023
In overnight action, the dollar advanced 0.6% against the euro, sterling, yuan and kiwi and by 0.5% relative to the yen and Australian dollar. At 4.07%, the ten-year U.S. Treasury yield has climbed 8 basis points today and 67 basis points over the four weeks since February 2nd. The Federal Reserve District presidents in Minnesota […] More
Holiday Closures and Manufacturing Purchasing Manager Indices to Start the Week
May 2, 2022
For a variety of reasons, many countries are observing holiday this Monday. It’s the early spring banking holiday in Great Britain. Islamic countries like Saudi Arabia, the UAE, and Kuwait are celebrating Eid-al-Fitr. China, Hong Kong, and Taiwan are shut for Labor Day. Among stock markets that are open for business this Monday, Australia and […] More
U.S. Political Stress, PMI Services, A U.S. Jobs Report Shocker, and FOMC Minutes on Today’s Radar Screen
January 6, 2021
In the Georgian senate runoff elections, Warnock has apparently beaten his Republican opponent, and Ossoff holds a razor-thin 50.2%/49.8% lead over the Republican incumbent with 98% of ballots counted. If these leads hold, Democrats would take over the senate majority. The congress is scheduled to tally the state certified presidential electoral voting results this afternoon […] More
Stock Markets Open Third Quarter on a Downbeat Despite Higher Factory PMI Readings
July 1, 2020
Share prices fell 0.8% in Japan and show daily losses so far of about 1.5% in Germany, France, Italy and Spain. The British Ftse is 1.1% weaker, and U.S. futures point to a drop at the open. Euroland’s June purchasing managers index printed at a 4-month high of 47.4, which is half a point above […] More
Share Prices Up on Hopes that Covid-19 May Be Starting to Lessen
April 6, 2020
Stock markets in the Pacific Rim rallied 4.3% in Australia, 4.2% in Japan and South Korea, 4.1% in Indonesia, 2.2% in Hong Kong, and 1.6% in Taiwan. China and India did not partake in this rebound as those markets were closed Monday for the Ching Ming Festival and Mahavir Jayanti Holiday. Equities in Europe have […] More
