Japanese retail sales

Confusion around Greek Debt Talks and a Big Drop in Chinese Stocks

May 28, 2015

Greek officials are expressing confidence a deal will be struck within three days.  The IMF and other creditors warn that the sides are still far apart.  Greece has been the main topic as G7 finance ministers and central bank chiefs continue to meet in Dresden, Germany. Chinese equities plummeted 6.7%, most in several months.  The […] More

Several Themes Affecting Markets

April 28, 2015

Most European stock markets are lower with a notable exception of Greece.  The Greek debt negotiating team was changed, but Prime Minister Tsipras made remarks that failed to signal enhanced prospects for an agreement.  He implied that any deal involving more austerity may be subject to approval by a referendum of Greek voters, and he […] More

Some Good Economic News for a Change

October 28, 2014

Industrial profits in China reverted to positive on-year growth in September, albeit a gain of only 0.4%.  A 0.6% decline in the year to August was negative for the first time in almost two years. Japanese retail sales increased 2.7% on month in September, three times more than forecast, and posted the largest on-year advance, […] More

Between Japanese Retail Sales and U.S. GDP this Ascension Day

May 29, 2014

A number of European markets were closed today in observance of Ascension Day. The first post-tax retail sales data in Japan were reported.  Month-on-month (13.7%) and on-year declines (4.4%) were greater than forecast and the largest setbacks in three years.  Large-store sales dived 6.8% between April 2013 and April 2014, as department store sales and […] More

Firmer Dollar

August 29, 2013

The dollar has benefited from the lessening imminence of U.S./UN military action against Syria.  The greenback rose overnight by 0.8% against the Swiss franc, 0.6% versus the euro, 0.5% relative to the yen, 0.2% vis-a-vis the kiwi and loonie, and 0.1% against the Australian dollar and sterling.  The yuan is steady. There were some sizable […] More

Monday

July 29, 2013

In a week crammed with meaningful data releases and press conferences at the FOMC and ECB, Monday was uneventful in both respects. The dollar advanced 0.6% and 0.5% against the Australian and New Zealand dollars.  Otherwise, the U.S. currency rose 0.3% against sterling but fell 0.3% versus the yen, rose 0.1% against the euro but […] More

Weaker Japanese and Chinese Share Prices

March 28, 2013

Equities slumped 3.3% in China on fear of more property market curbs.  Weakness was concentrated in financials.  The decline occurred in spite of data showing a strong 17.2% on-year advance in Chinese corporate earnings. The Japanese Nikkei fell 1.3% on the next to last day before the end of the fiscal year.  Bank of Japan […] More

FOMC Day Among Other Things (Like the First Estimate of 4Q U.S. GDP)

January 30, 2013

The yen fell to its lowest dollar level (91.43) since June 7, 2010 and its weakest quote against the euro (123.89) since May 4, 2010, while the Nikkei-225 closed above 11,000 for the first time since May 5, 2010.  The euro reached its strongest level against the dollar (1.3564) since November 22, 2011. On balance […] More

A Market Dominated by Fiscal Cliff Perceptions

November 29, 2012

Investors want to believe that the full brunt of the U.S. fiscal cliff is going to be somehow averted.  The evidence on that possibility continues to be mixed, but a better appetite for risk today is evident. Chinese share prices, down by a further 0.6% to a four-year low, have been an exception.  However, worries […] More

Storm Front Coming

October 29, 2012

A monster storm will slam into the Northeast of the United States today.  There will be no equity trading in New York City today, and bond markets close at noon.  Wall Street may be under water from the storm surge.  Damages from wind and flooding figure to run into the billions of dollars.  Power outages […] More

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