Japanese CPI
Investors Remain on Edge
October 19, 2018
China reported the lowest on-year GDP growth (6.5% in 3Q) since the first quarter of 2009. Damning evidence continues to mount that the highest levels of the Saudi government were complicit in the likely death of dissident journalist Khashoggi. U.S. Treasury Secretary Mnuchin upcoming trip to Saudi Arabia was cancelled. Two Fed officials, Governor Quarles […] More
Dollar Down, Stocks Mixed Ahead of Powell’s Speech at Jackson Hole
August 24, 2018
The dollar posted overnight declines of 0.7% against the Aussie currency, 0.5% relative to the Chines yuan, 0.4% against the kiwi, 0.3% vis-a-vis the euro and sterling, 0.2% versus the Mexican peso and Swiss franc and 0.1% relative to the loonie. Share prices in the Pacific Rim rose 0.9% in Japan, 0.5% in South Korea, […] More
Some Price Data and a Discouraging Remark from China
May 18, 2018
The dollar firmed overnight by 0.3% against sterling, 0.2% versus the yuan, yen and euro, and 0.1% relative to the loonie. The greenback fell 0.5% against the kiwi and 0.1% vis-a-vis the Swiss franc and is unchanged relative to the Australian dollar and peso. Share prices in the Pacific Rim climbed 1.2% in China, 0.6% […] More
Ton of Released Data but Tepid Market Reaction
September 29, 2017
Strong dollar gains this week were in most cases not extended on the final business day of September and the quarter. The dollar is down 0.2% against the euro and 0.1% relative to the yuan and Swiss franc. The loonie and peso are unchanged. The dollar rose 0.2% against the New Zealand and Australian dollars, […] More
Market Eyes on Wyoming, Texas and D.C.
August 25, 2017
Speeches by Yellen at 14:00 GMT and Draghi at 19:00 GMT highlight today’s agenda at the central banking summit in Jackson Hole, Wyoming. The big economic mystery is the apparent disconnection between better growth yet continuing subdued global price and wage inflation. The questions surrounding monetary policy are whether the Fed sanctions another rate hike […] More
Tough Session for Stocks and Dollar
July 28, 2017
Equities in the Pacific Rim dropped 1.7% in South Korea, 1.4% in Australia, 1.2% in New Zealand, 0.9% in Hong Kong, 0.8% in Singapore, 0.7% in Singapore and 0.6% in Japan. Stocks in Europe thus far are down 1.3% in France, 1.1% in Italy, 0.9% in Spain, 0.8% in the U.K., and 0.4% in Germany. […] More
Big Day for Data, Dollar and Stocks Mixed
June 30, 2017
It’s the end of the month, end of the quarter, middle of the year and the eve of a long U.S. holiday weekend. That means a flood of data are getting released. For many organizations, its the end of a fiscal year. Stocks fell in the Pacific Rim but are recovering in Europe. Share prices […] More
Soft Tone in Sterling, Sovereign Debt Yields, Oil and Stocks
May 26, 2017
Sterling fell 0.7% against the dollar overnight in response to a new poll showing just a 5-point spread between Prime Minister May’s Conservatives and the Labor Party; the spread earlier had been over 20 points. Britain’s parliamentary election is scheduled for June 8. Sterling declined more sharply against several other currencies, as the dollar is […] More
A Week to Remember
January 27, 2017
It’s been a memorable first week of the Trump presidency. He will be meeting today with British Prime Minister Theresa May, who hopes to make giant strides in securing a bilateral trade accord between the two countries. Mexican President Nieto cancelled his trip to Washington amid mounting tensions over immigration, trade, and who pays for […] More
Japanese and U.S. Data Dominate Tuesday News
December 27, 2016
Core Japanese consumer price inflation remained at -0.4% in November, but Tokyo’s core rate of deflation was -0.6% in December, a new extreme for 2016. Energy price deflation is lessening, but overall price data are not responding commensurately. The Japanese jobless rate edged up 0.1 percentage point to 3.1% in November. Employment grew 1.1% on […] More
