Japanese consumer prices
Trump Fans Political Chaos but Dollar Slippage Stays Orderly
November 20, 2020
The Trump campaign is continuing to try to discredit election results in several states. If it can persuade some key states not to certify Biden’s win, the President-Elect could fall short of the needed 270 electoral votes, throwing the election decision back to state legislatures, the House of Representatives, and perhaps the Supreme Court. The […] More
Good Trade News but Unsettling Covid Developments
June 19, 2020
Share prices got a boost from an overnight report that China will step up purchases of U.S. agricultural goods. This comes after Thursday’s revelation in the Bolton tell-all book that Trump had solicited a boost in Chinese purchases to voter reelection support from the mid-west. Several populous U.S. states like California, Florida, and Texas continue […] More
Dollar Trims its Thursday Losses
June 21, 2019
Today’s session illustrates America’s challenge sustaining a depreciating trend the dollar, which recovered overnight by 0.4% against the kiwi and sterling, 0.3% relative to the peso, 0.2% versus the yuan and Australian dollar and 0.1% vis-a-vis the yen and Swiss franc. But the dollar managed to lose another 0.2% against the euro and 0.1% versus […] More
Good Friday 2019
April 19, 2019
Due to Good Friday, Easter, and the approaching first night of Passover, financial market activity has ground to a near halt. Markets shut today in Germany, France, Italy, Greece, Spain, the U.K., Switzerland, the U.S., Canada, Australia, New Zealand, Hong Kong, India, Indonesia, Singapore, Norway, Brazil, South Africa, and Mexico. The released redacted Mueller Report […] More
Firmer Dollar and Equities as Summer Turns to Autumn
September 21, 2018
The dollar strengthened this Friday by 1.4% against the Turkish lira, 0.7% relative to the Russian ruble and sterling, 0.6% vis-a-vis the South African rand, 0.4% versus the Mexican peso, 0.2% against the yen and Brazilian real, and 0.1% relative to the euro, loonie, Australian and New Zealand dollars. The Hong Kong dollar was an […] More
Move Out of Risk Assets Extended
March 23, 2018
Stocks slumped 974 points, or 4.5%, overnight in Japan. Equities in the Pacific Rim also lost 3.4% in China, 3.2% in South Korea, 2.8% in Hong Kong, 2.0% in Australia and Singapore, 1.7% in Taiwan, 1.2% in India, and 1.0% in New Zealand. The sell-off continued in Europe with drops thus far today of 1.6% […] More
Markets Watching G20 Meeting… More Low Inflation News
February 26, 2016
Finance Ministers and central bank chiefs from the Group of Twenty economies began a two-day conference in Shanghai. The Governor of the Peoples Bank of China denied the yuan will be devalued and said other tools are available to support demand in the world’s second biggest economy. Chinese property prices rose 2.5% in January. More […] More
Market Catches Breath After Volatile Thursday
September 26, 2014
Overnight dollar movements amount to no net change against the euro, Swissie, sterling and kiwi, a gain of 0.3% versus the yen and 0.1% against the yuan and a dip of 0.1% relative to the Canadian and Australian dollars. Share prices in Europe rebounded 0.7% in France and Italy and 0.5% in Spain. Stocks are […] More
In Search of Market Clarity
September 27, 2013
No single market theme stands out. Quarter-end is fast approaching. Another U.S. fiscal showdown looms. Overnight data have been mixed. Esther George, K.C. Federal Reserve President, criticized the FOMC’s backtrack on tapering; she favored a cut to $70 billion in monthly asset purchases. Japanese Finance Minister Aso did some backtracking of his own, indicating the […] More
Bold Talk from Europe about Averting Grexit
May 25, 2012
It’s amazing that European politicians would retain any credibility with the markets. Nonetheless, the euro and German Dax are firmer following comments from Italian Prime Minister that most EU members support joint euro bonds and that he believes that a way will be found to keep Greece in the EU. There were reports overnight, too, […] More
