Japanese tertiary index
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
Another U.S. Gaffe Lifts Euro to a 6-Month High
May 16, 2017
President Trump is alleged to have divulged elements of classified information regarding a terrorist plot to the Russians. He claims to have broken no law in doing so, but the optics surrounding this incident compound an already very toxic climate in U.S. politics. The dollar fell overnight by 0.7% against the euro (to a half-year low), […] More
Renewed Pressure on Ezone Peripheral Sovereign Debt
February 10, 2017
The dollar rose on speculation that details of growth-supporting U.S. tax reform will be unveiled within a couple of weeks. The U.S. currency rose 0.3% against the yen, euro and sterling, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the Australian dollar and Chinese yuan. The Mexican peso recovered 0.3% following a 50-basis point […] More
Investors Ponder What the Changes Will Bring
November 11, 2016
The post-election rally of equities hit a bump overnight. Stocks fell 2.5% in India, 4.0% in Indonesia, 1.9% in Hong Kong, 0.7% in Singapore but rose 0.8% in China and Australia. Japan’s Nikkei edged up 0.2% following a huge run-up on Thursday. European share prices are down 1.1% in the U.K., 0.8% in France, 0.9% […] More
Markets Moved Sharply by Politics and the Comments of Officials
July 12, 2016
Three developments cheered markets, which chose to look at good developments rather than the still-tense racial tensions in the United States: Pieces are falling quickly into place for the U.K. to get a new prime minister, Theresa May. In parliamentary testimony, Bank of England Governor Carney hinted that more stimulus will be forthcoming to counter […] More
Equities Still on the Ropes as U.S. Observes MLK Day
January 18, 2016
U.S. markets will be closed in observance of Martin Luther King Jr.’s 87th birthday. Share prices in the Pacific Rim fell 1.4% in Singapore, 1.1% in Japan, New Zealand and India, 1.0% in Hong Kong and 0.7% in Australia. The stock markets in Greece, Italy and Spain show losses thus far today of 5.8%, 1.6% […] More
Dollar Firms and Share Price Retreat Extended
November 13, 2015
Investors are quite confident that the Fed will raise the federal funds rate next month and that the ECB will ease policy, including a possible deposit rate cut. The confidence rests not only on U.S. data but on more uniform signals from Fed official comments favoring a rate hike before yearend. The dollar climbed overnight […] More
Monday Monday, Can’t Trust That Day
September 14, 2015
Overnight changes in the U.S. dollar have been comparatively mild. It’s ticked 0.1% higher against the euro and Swissie, unchanged relative to sterling, and down versus the yen, yuan, Aussie, Canadian and New Zealand dollars. Share prices fell 2% in China, 1.6% in Japan and 0.5% in South Korea but rose 1.0% in India, 0.5% […] More
