Japanese Finance Minister Aso
Market-Moving Comments and Then a Chinese Interest Rate Cut
November 21, 2014
ECB President Draghi gave a dovish speech reaffirming the central bank’s readiness to take further action to lift inflation back to target. U.S. President Obama spoke to the nation in prime time, announcing plans to permit some 5 million undocumented residents not to be deported. San Francisco Federal Reserve President Williams warned about the danger […] More
Overnight Markets Uneasy
February 21, 2013
Equities dropped 3.4% in China, 2.3% in Australia, 1.7% in Hong Kong, 1.6% in India, 1.4% in Japan, 1.2% in Thailand, and 1.0% in New Zealand. In Europe, share prices have so far slumped 2.9% in Italy, 1.9% in Germany and France, 1.8% in Spain and 1.7% in Britain. Bonds were hit in Europe. The […] More
Somewhat Firmer Yen
January 7, 2013
The yen, which had fallen sharply over the past 1-1/2 months, has corrected upward 0.3% against the dollar. Finance Minister Aso spoke hopefully that a formal change in the Bank of Japan law may prove unnecessary. The dollar also has lost 0.4% against the kiwi and 0.2% versus the Australian dollar, but it rose 0.2% […] More
