Japanese customs trade surplus

U.S. Flinches on Threatened Trade War

May 21, 2018

Treasury Secretary Mnuchin said on Sunday talk show that plans to impose massive tariffs on Chinese imports were being suspended amid progress on negotiations. Monday’s other meaningful development has been another 2-basis point increase in the 10-year Treasury yield in futures trading. That rise contrasts with decreased 10-year sovereign debt yields of a basis point […] More

Euro See-Saws After German Coalition Talks Break Down

November 20, 2017

In Germany’s national parliamentary election on September 24, the center-right Christian Democratic Party of Chancellor Angela Merkel won it smallest share of the vote since 1949, but its center-left grand coalition partner, the Social Democratic Party, also suffered big losses and got its smallest voter share since the Second World War. The SDP had ruled […] More

Dollar Retreats but European Stocks Rise Strongly

January 25, 2017

The dollar fell 0.6% against sterling, 0.5% relative to the yen, 0.4% vis-a-vis the loonie and kiwi and 0.3% against the euro, Swiss franc, yuan and Mexican peso. Yesterday’s tightening of Turkish monetary policy had a perverse effect on the lira, convincing investors that the currency is so vulnerable that more monetary restraint will be […] More