Japanese household spending

Marking Time Ahead of U.S. Monthly Jobs Report

June 4, 2021

Financial markets were marking time overnight. The dollar was virtually unchanged but at multi-week highs, with no net movement against its DXY weighted index, a dip of 0.2% versus the yen and a 0.1% uptick relative to the euro. The price of gold was flat, while that of WTI oil had firmed merely 0.2%. U.S. […] More

Persistent Inflation Concerns Upsetting Equity Markets and Dollar to Lesser Extent

May 11, 2021

A sampling of Asian stock markets suffered loses Tuesday of 3.8% in Taiwan, 3.1% in Japan, 2.0% in Hong Kong, and 1.2% in Singapore and South Korea. Australia’s market fell 1.1%, and in Europe, markets are down currently by between 1.4% and 2.3% in Switzerland, Spain, Italy, France, the U.K. and Germany. Technology stocks have […] More

Risk Aversion Rekindled by Downbeat Economic Forecast and Data as Well as Covid-19’s Relentless Spread

July 7, 2020

Major stock markets in Europe show losses so far today of 1.2% in the U.K. and Germany and 1.0% in France and Spain. Equities closed down 1.4% in Hong Kong, 1.1% in South Korea and Singapore, and 0.4% in Japan. U.S. futures suggest that at least half of Monday’s strong rise in equity prices will […] More

Bigger Risk Appetite of Monday Continues

April 7, 2020

Share prices in Asia closed up 9.0% in India, 4.1% in Singapore, 2.1% in China and Hong Kong, 2.0% in Japan and 1.8% in South Korea and Taiwan. Equity markets so far in Europe show additional gains today of 4.3% in Italy, 4.0% in Germany, 3.1% in France, 3.5% in Spain and 3.0% in the […] More

Markets Turning Increasingly Disorderly

March 6, 2020

Share prices are down over 3.0% in the U.K., France, Germany, Spain, Italy, and Switzerland even though a decent U.S. labor market report is anticipated. Equity markets in the Pacific Rim closed down 2.7% in Japan, 2.8% in Australia, 2.5% in Indonesia, 2.3% in India, 2.2% in South Korea, 2.0% in New Zealand and 1.9% […] More

Many Industrial Production Reports as Well as U.S. Jobs Day

January 10, 2020

Markets marked time ahead of the U.S. December labor market statistics. The dollar didn’t react much afterward, either. As of 08:10 EST, the dollar was up 0.2% against the Swiss franc and 0.1% relative to the euro and yen. The greenback was unchanged vis-a-vis the loonie and kiwi but down by 0.3% against the peso […] More

Softer Dollar but Higher Share Prices

August 7, 2018

The dollar softened overnight by 0.6% against the Aussie dollar, 0.4% relative to the yuan and euro, 0.3% vis-a-vis the peso, loonie and kiwi, 0.2% versus the yen and Swiss franc, and 0.1% against sterling. Share prices climbed 2.7% in China, 2.0% in Hong Kong, 0.7% in Japan, and 0.6% in South Korea. Equities in […] 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

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