Japanese tertiary index

Xi/Biden, Central Banking Signals, and a Big Line-Up of U.S. Data Releases Today

November 16, 2021

The virtual summit between the Presidents of China and the United States exceeded three hours. The talks were reportedly civil but didn’t yield newsworthy compromises on the key contentious issues. The Fed and Bank of England seem closer to an interest rate lift-off than the European Central Bank or Bank of Japan. Minutes published from […] More

Equities Down but Dollar Stronger as U.S. Retail Sales Take a Hit

August 17, 2021

Stock markets in the Pacific Rim on Tuesday fell by 2.0% in China, 1.7% in Hong Kong, 1.2% in Taiwan, and 0.9% in Australia, South Korea, and Singapore. Share prices thus far today in Europe are down 0.9% in Italy, o.7% in Spain, 0.4% in France and 0.2% in Germany. The key U.S. equity indices […] More

Stocks Mixed,Dollar and Oil Price Down at Start of September’s Third Week

September 14, 2020

Equities advanced in the Pacific Rim, slid marginally in Europe, and appear poised to open higher in the United States. The dollar fell overnight by 0.7% against sterling, 0.5% versus the kiwi, 0.3% relative to the peso, euro, and Swiss franc, 0.2% vis-a-vis the yuan and 0.1% against the yen and loonie. The price of […] More

Coronavirus Cases Accelerate But Investors Also Focused on 2Q Corporate Earnings

July 13, 2020

Almost 2000 U.S. deaths have been attributed to Covid-19 since this time Friday, and the number of globally reported cases rose more than 600k to 13.06 million. Stock markets are nonetheless higher as investors await the start of the second quarter earnings season. Share prices rose 2.2% in Japan, 1.8% in China, 1.7% in South […] More

Some Good News Allows Riskier Assets to End Week on Rising Note

April 17, 2020

Released Chinese data were not as bad as feared. Although the first shrinkage of real GDP since 1976 was confirmed, the on-year decline of 6.8% last quarter was close to expectations, and officials asserted that the Covid-19 shock will not impair the continuing impressive long-term expansion of economic activity. Other released figures revealed a much […] More

Greater Optimism on A U.S. Border Security Deal

February 12, 2019

The U.S. Congress reached an accord “in principle” on a border security deal. Details still need to be fleshed out, and it’s not clear if President Trump is prepared to sign such. But the development inspired enough hope to lift U.S. share prices about 1% in early Tuesday trading. Stocks earlier rose 2.6% in Japan, […] More

Stock Prices Heading South

September 11, 2018

Fears that the Sino-U.S. trade war is about to escalate sharply weighed on global stock markets. Another concern is Hurricane Florence, a category 4 storm in the Atlantic that’s headed for landfall in the Carolinas sometime around Friday. Over 1 million people are fleeing their homes. Today is the 17th anniversary of the Al Qaeda […] More

Continuing Stock Market Jitters

February 9, 2018

Equities lost 4.1% in China, 3.6% in Hong Kong, 2.3% in Japan, 1.8% in South Korea. They are down 0.9% in France and 0.7% in the U.K. and Germany. After yesterday’s second 1000+ point daily drop of this week, the DOW initially rose today but now shows a decline of nearly 200 points. It’s taken […] More

Global Equities and Sovereign Debt Prices Drop Further

November 10, 2017

Share prices around the Pacific Rim declined 0.8% (or 187 points) in Japan, 0.7% in New Zealand, and 0.3% in Australia, South Korea and Indonesia. European markets are down 0.8% in Greece, 0.4% in Spain, and 0.3% in the U.K., France and Switzerland, but the German Dax and Milan exchange are unchanged. A narrowly mixed […] More

Sterling Down on Stalemated Brexit Talks

October 12, 2017

A fifth round of Brexit talks between the U.K. and EU failed to make progress settling the matter of Britain’s debt to the common currency, and without such the EU won’t discuss Britain’s future relationship with Continental Europe. Sterling fell 0.6% against the euro and dollar overnight. Sentiment toward the euro was buoyed by the […] More