Japanese GDP
Japanese GDP Reported and Many Holiday Closures
February 15, 2021
It’s President’s Day in the United States, Carnival in Brazil, Family Day in Canada, and the continuing Lunar New Year holiday break in China and several other Asian markets. The dollar is narrowly mixed and down 0.1% on a trade-weighted basis. Ice-cold temperatures in much of the United States have lifted West Texas Intermediate crude […] More
Equities Down and Dollar Weak but Little Changed Overnight
December 8, 2020
Senate Majority Leader McConnell has not yet lent his support to the bipartisan U.S. fiscal stimulus plan. Opinion polls suggest the all-important senate races in Georgia are both close, and unprecedented funds are being poured into both contests. The EU summit begins in two days, with fiscal stimulus and trade relations with the U.K. high […] More
Modestly Softer Dollar
August 17, 2020
The dollar is 0.2% weaker against the yen, Swiss franc and Australian dollar and has also edged 0.1% lower versus the euro, yuan, and sterling. The price of gold rebounded 0.6%, while that of oil changed little as investors await this week’s OPEC meeting. Markets are shut in India for Independence Day and South Korea […] More
Equities and Commodities Open Week on a Rising Note
May 18, 2020
Share prices in Europe are thus far up 2.4% in the U.K. and France, 2.0% in Spain, 1.4% in Germany and Switzerland, and 1.3% in Italy, and U.S. stock futures also point to a higher open. Earlier today, markets in the Pacific Rim closed down 3.4% in India and 0.7% in Taiwan but up by […] More
Pandemonium on Many Fronts
March 9, 2020
The Covid-19 coronavirus continues to spread worldwide, with cases of about 111,500 so far, deaths of 3,833, and 13% of currently infected patients in serious or critical condition. Restrictions on movement have been tightened, many schools are shut, and riots have broken out in some prisons. The price of oil has plummeted. Brent dropped over […] More
Japanese Sales Tax Hike Hammered Economic Growth Last Quarter
February 17, 2020
The Japanese economy again contracted sharply after a hike in the national sales tax. This is a phenomenon with lots of history. A 3% sales tax was introduced initially in April 1989. Back then, Japan was viewed like China is currently — an up-and-coming economic rival that could soon overtake the United States. The sales […] More
A Dismal Japanese GDP Report, Coronavirus Concerns, and Holidays in the U.S. and Canada
February 17, 2020
The Japanese economy again contracted sharply after a hike in the national sales tax. This is a phenomenon with lots of history. A 3% sales tax was introduced initially in April 1989. Back then, Japan was viewed like China is currently — an up-and-coming economic rival that could soon overtake the United States. The sales […] More
Important Japanese, Euro Area, and Chinese Data Released
November 14, 2019
Japanese real GDP expanded at a lower-than-forecast 0.2% last quarter at a seasonally adjusted annualized rate. It was the weakest quarterly growth rate in a year. Net exports and inventories combined to exert a 1.8 percentage point drag on GDP growth. The GDP price deflator rose 0.6% between the third quarters of 2018 and 2019. […] More
Atypically High Amount of Data Reported This Monday
September 9, 2019
Data releases rather than market action were in today’s spotlight. Japanese real GDP growth last quarter was revised downward by a half percentage point to an annualized 1.3% from the first quarter. Business investment and exports were weaker than estimated initially. Real GDP was 1.0% greater than in the second quarter of 2018, and the […] More
Sterling Weakens on Data
August 9, 2019
The dollar edged down 0.2% against the yen and kiwi, 0.3% versus the peso, and 0.1% relative to the euro, Swiss franc and Canadian dollar on this 45th anniversary of the resignation of former President Nixon. But today’s weakest major currency has been sterling, down 0.6% against the dollar in response to news that British […] More
