Japanese PPI
Renewed Downward Pressure on Equities and the Dollar
May 17, 2021
Equities this Monday fell 3.0% in Taiwan, 1.8% in Indonesia, 0.9% in Japan, and 06% in South Korea. Losses so far range from 0.3% to 0.7% in the U.K., Germany, France and Spain, and U.S. futures point to a drop at the open of about 0.3%. Ten-year sovereign debt yields have climbed six basis points […] More
Modest Dollar Pull-Back
April 12, 2021
On a Monday with few data releases, the dollar has slipped 0.3% against the yen and sterling, 0.2% relative to the Mexican peso, and 0.1% versus the euro, Swiss franc, Australian dollar, Chinese yuan and against its weighted DXY index. Fed Chairman Powell gave an upbeat interview aired Sunday night on 60 minutes in which […] More
Dollar and European Equities Slip
August 13, 2020
The dollar slid overnight by 0.6% against sterling, 0.4% versus the euro, 0.3% relative to the loonie, and 0.1% against the Swiss franc. Equities closed higher by 1.8% in Japan, 1.3% in Singapore and 0.7% in Taiwan, but trading in Europe has seen losses so far today of 1.1% in the U.K., 0.3% in Germany […] More
Coronavirus Takes Turn for the Worse, and British Cabinet Reshuffled Significantly
February 13, 2020
Thursday has been a difficult day in world financial markets, absorbing the news of an exponential increase in suspected coronavirus cases, as well as the unexpected quitting of British Chancellor of the Exchequer Javid and departure of several other members of Prime Minister Johnson’s cabinet. Share prices tumbled 1.6% in Great Britain, 1.2% in Spain, […] More
Peso Panic and Some Deescalation of the U.S.-Sino Trade dispute
August 13, 2019
Sunday’s primary election in Argentina served notice that populism is making a big comeback there and has generated a stampede out of the peso (down nearly 22%) and local stocks, whose share prices tumbled nearly 50% and by the second largest day-to-day slump in seven decades. Investors fear a return to protectionism and other state […] More
Euro Sinks 0.6% to 16-Month Low of $1.1240
November 12, 2018
The optics went very poorly for U.S. President Trump at centennial WWI Armistice observances in Paris, where he had to scrap a cemetery visit, was left out of other shared activities, heard a sharp rebuke of nationalism by French President Macron, and endured a stream of troubling political developments happening back in Washington. Currency markets […] More
A Pause in the Action
September 13, 2017
Movements in stocks, the dollar, and sovereign debt instruments have been minor so far today especially compared to those earlier in the week. The most significant action has been a drop in copper (1.5%) and other industrial metals. The dollar slipped 0.3% against the Australian and Canadian dollars, 0.2% versus the euro and 0.1% vis-a-vis […] More
Dollar Up, Stocks Down on MLK Holiday
January 16, 2017
The United States is observing Martin Luther King’s birthday. The stock exchange and banks will be closed. But President-Elect Trump continues to make lots of news. In a wide-ranging interview with the European press, Trump did not back away from well-rehearsed previous themes. NATO is outdated. The U.S. will not remain its prime financier. Radical […] More
