Japanese retail sales

Immediate Market Reaction to Omicron Trimmed Back but Only Partially

November 29, 2021

It will take a week or two before a clearer picture emerges of the Omicron Variant and investors have a better understanding of key questions such as the protection existing vaccines provide to the new mutation. Markets had reacted very adversely on Friday to first learning about Omicron. Today has seen a partial reversal of […] More

U.S. GDP, Monetary Policy Statements from ECB & Japan, and So Much More

October 28, 2021

Financial market activity overnight: The dollar and 10-year sovereign debt yields are little changed on this busy Thursday. Equities fell in Asia including losses of 1.2% in China, 1.0% in Japan, 1.2% in Indonesia, and 1.9% thus far in India. European share prices have risen a bit, however, and U.S. futures are also in the […] More

A Double Feature for Investors Today of Big Events: Powell then Biden

April 28, 2021

The FOMC wraps up its two-day policy review today. The policy statement, due at 14:00 EDT, will concede a brightening growth picture with accelerating inflation but is unlikely to modify forward guidance that welcomes a period of inflation somewhat above target rather than aiming to quash such quickly. Fed Chairman Powell’s press conference afterward begins […] More

Month-End Flood of Data Paints May 2020 as Anything But Merry

May 29, 2020

During May, roughly 2.69 new cases of Covid-19 were identified worldwide, and over 133,000 died from the disease. The U.S. share of the total 362,829 identified deaths related to the pandemic remains at 28.5% even though the United States has just 4.3% of the world’s population. The racial protests in Minneapolis have spread to other […] More

Several Japanese Data Reported but Investors Marking Time Ahead of U.S. Figures

April 26, 2019

Shortly before the first release of U.S. first-quarter GDP, the dollar showed no net overnight change against the euro, loonie or sterling. There were 0.1% upticks relative to the yen, Swiss franc and peso, a 0.1% downtick vis-a-vis the yuan and drops of 0.5% against the kiwi and 0.3% versus the Australian dollar. European share […] More

Volatile Markets This Monday

October 29, 2018

Ahead of the important release of U.S. personal income, personal spending and the PCE price deflator, share prices fell 2.2% in China, 1.5% in South Korea, 0.5% in Hong Kong and 0.2% in Japan but are trading higher by 2.8% in Italy, 2.2% in India, 2.0% in Germany, 1.8% in the U.K., 1.7% in Switzerland, […] More

Dollar Down a Bit, Stocks Go a Little Higher

March 29, 2018

The dollar has slipped 0.4% against the yen, 0.3% relative to the Aussie currency, 0.2% versus the peso, yuan and loonie, and 0.1% vis-a-vis the euro and Swiss franc. The dollar also edged up 0.1% against sterling overnight. British real GDP growth last quarter was confirmed to have risen 0.4%, down from a 0.5% increase […] More

A Week Begins Fraught with Possibility

October 30, 2017

U.S. President Trump has promised to reveal his choice for Fed Chairperson this week before leaving for Asia on Friday. Jerome Powell is perceived to be the likeliest choice. Although presently a member of the Fed Board of Governors, Powell is not an economist by training. Over the past 47-1/2 years, economists have chaired the […] More

Dollar and Fixed Income Security Prices Soften

June 29, 2017

The dollar declined overnight by 0.5% against the peso, 0.4% relative to the Australian currency, 0.3% versus the yuan and sterling, 0.2% vis-a-vis the euro, and 0.1% against the Swiss franc and loonie. The dollar firmed 0.2% against the kiwi and 0.3% versus the yen. Ten-year German bund and British gilt yields jumped five basis […] More

U.S. Restraints on Immigration Rattle Markets

January 30, 2017

Numerous Asian markets from China to South Korea, Taiwan, Singapore, Malaysia, and Hong Kong were closed for the Lunar New Year (of the Rooster). There’s been an uproar over President Trumps executive orders concerning immigration banning visitors from many Islamic countries but conspicuously not Saudi Arabia. Stocks fell 0.5% overnight in Japan, 0.9% in Australia, […] More

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