Japanese corporate service prices
Christmas 2019 and All Is Calm
December 25, 2019
Many, many markets are closed today, including the United States, U.K., Germany, France, Italy, the Netherlands, Belgium, Portugal, Spain, Greece, Sweden, Norway, Ireland, Finland, Ukraine, Bulgaria, Czech Republic, Poland, Hungary, Romania, Austria, Slovakia, Estonia, Lithuania, Latvia, Switzerland, Croatia, Cyprus, Lebanon, Australia, New Zealand, Canada, Mexico, Brazil, India, Indonesia, Hong Kong, South Korea, Malaysia, Sri Lanka, […] More
Dollar Mostly Unchanged Overnight, Share Prices and Sovereign Debt Yields Slip a Bit
November 26, 2019
The dollar is unchanged from Monday closing levels against the yen, Swiss franc, kiwi and Australian dollar and has moved no more than 0.1% versus the euro, loonie, yuan and peso. A bigger dollar change of 0.4% occurred against sterling. The 10-year British gilt yield fell three basis points. Ten-year U.S. Treasury, German bund, and […] More
Continuing Confusion over Status of U.S.-Sino Trade Dispute
August 27, 2019
Monday’s mixed signals about whether there had been a weekend overture between Trump and Chinese officials to resume trade talks has not been clarified. The yuan meanwhile slid another 0.1% on net and touched an intra-day low of 7.1692 per dollar, 4.0% lower than its end-July value. Against other key currencies overnight, the dollar fell […] More
A Risk Averse Tuesday
June 25, 2019
Persistent concerns about U.S. relations with Iran and China are weighing on stocks and lifting the price of gold. Another worry is the greater perceived likelihood of a non-negotiated Brexit. Share prices in Asia fell 1.2% in Hong Kong, 0.9% in China, 0.7% in Taiwan and 0.4% in Japan. Stocks in Europe have declined so […] More
Equities Revive as Markets Look Ahead to FOMC and Kavanaugh Hearing
September 25, 2018
The FOMC is expected to raise its interest rate tomorrow. New forecasts will be released, and Powell presides over a press conference. A third woman has surfaced, accusing Supreme Court nominee Kavanaugh of sexual misconduct. The Senate Judiciary Committee hearing is set for Thursday. The third event of this upcoming three-ring circus will be the […] More
Paused Rise of Dollar and Sovereign Debt Yields but Commodity Rally Continued Overnight
April 24, 2018
The dollar slipped overnight by 0.2% against the Aussie dollar and sterling and 0.1% versus the euro. The kiwi and yen fell 0.3%, while the loonie is flat. The ten-year Treasury yield eased back a basis point and, at 2.97%, remains below the key 3.0% threshold. Ten-year German bund, British gilt and Japanese JGB yields […] More
Little Change in Dollar after Long Thanksgiving Holiday Break
November 27, 2017
The dollar turned into the final week of November, showing no overnight net movement against the loonie, Australian dollar or sterling, a dip of 0.1% against the euro and a 0.1% uptick relative to the Swiss franc. Slightly larger declines of 0.4% have occurred against the kiwi and yen. Commodity prices fell rather significantly. West […] More
Stocks Up, and Peso Recovery Extended
June 26, 2017
Equities began the final week of the second quarter mostly on a rising note, with gains of 1.3% in Taiwan, 0.9% in China and Hong Kong, 0.6% in New Zealand, 0.4% in South Korea and 0.1% in Japan and Australia. Several markets were shut for the end of Ramadan. Share prices in Europe have advanced […] More
Dollar Buoyancy Especially Against the Kiwi
September 25, 2014
The New Zealand dollar (a.k.a. the kiwi) plunged 1.6% overnight to a one-year low of $0.7944 against the U.S. currency, as RBNZ Governor Wheeler elaborated upon his recent claim that the current kiwi level is “unjustified and unsustainable.” The Australian dollar lost as much as 1.0% to USD 0.8791, a 7-month low, as a top […] More
Fresh Worries about Iraq and Ukraine
June 25, 2014
Risk-off psychology staged a return. Stock prices and sovereign debt yields are lower. So are emerging market currencies like the Indonesian rupiah. However, the dollar is generally steady, and oil and gold prices are higher. Sunni rebels control more of Iraq territory. The cease-fire in Ukraine was violated by pro-Soviet rebels. U.S. 1Q GDP […] More
