Japanese tertiary index

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

Waiting for a Slew of U.S. Data

January 16, 2015

U.S. economic statistics will be released today on consumer prices, industrial production, consumer confidence, and capital flows with other economies.  We arrive at this juncture after five straight daily declines in U.S. share prices and one of the most volatile currency market days ever.  In forty years of forex market watching, I can not recall […] More

Minuscule Change in the Dollar This Morning

September 9, 2014

The dollar is unchanged against the euro, Swiss franc, kiwi, yuan and Australian dollar.  It shows gains of 0.1% relative to the loonie and yen but is down 0.1% versus the sterling, which remains on offer as yet another poll was reported suggesting that the September 18 independence vote in Scotland will choose separation from […] More

Quiet Monday in August

August 11, 2014

The dollar is unchanged against the yen, sterling and kiwi, up 0.2% versus the euro and 0.1% relative to the Swiss franc and Australian dollar, but down 0.1% against the loonie. Geopolitical worries have been somewhat alleviated by the ceasefire in Gaza and Russian troop pull-back from the border with Ukraine.  Iraq remains a confusing […] More

Most Markets Closed for Good Friday Observances

April 18, 2014

The dollar is unchanged against the euro, Swissie, sterling, and yen.  The U.S. currency is down 0.2% vis-a-vis the kiwi and 0.1% relative to the Australian dollar and yuan.  The loonie has edged 0.1% lower. Japan’s Nikkei rose 0.7%. The 12-month rise in Chinese property prices, 7.7% in March after 8.7% in February, was at […] More