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