Japanese trade surplus
Natural Disasters, Manmade Disasters and Central Bank Meetings Top News
September 20, 2017
Puerto Rico is being hammered by a Cat 4 hurricane with 155 MPH winds. Mexico is reeling from a 7.2 magnitude earthquake that struck yesterday. Around 25o people confirmed dead. U.S. Republican senators are scrambling to pass a repeal and replace healthcare bill by monthend that’s even more dysfunctional than previous efforts. In a speech […] More
Continuing Retreat in Share Prices
March 22, 2017
The Japanese Nikkei tumbled 414 points or 2.1%. Equities also fell 1.6% in Australia, 1.4% in Hong Kong, 1.1% in India, 1.3% in Singapore and 0.5% in China and South Korea. This followed yesterday’s U.S. selloff and extended into Europe where stocks so far today are down 1.4% in Greece, 0.8% in the U.K., 0.6% […] More
Steady Dollar
July 25, 2016
Group of Twenty finance ministers and central bankers, who met over the weekend in Chengdu, China, released a communique that broke no new ground in currency policy: We reiterate that excess volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will consult closely on exchange markets. We […] More
A Newsworthy Start to the Week
May 23, 2016
At the weekend meeting in Japan of Group of Seven finance ministers and central bankers, participants disagreed over the yen, expressed concern about Brexit and, more generally, the outlook for global growth, and pledged coordinated effort to prevent the financing of terrorism. U.S. Treasury Secretary Lew towed the precedent pledge not to engage in competitive […] More
Dollar Little Affected by Risk Aversion in Other Markets
April 20, 2016
Stocks in China, Hong Kong and Taiwan slumped 2.3%, 1.5%, and 1.4%. A Chinese central bank official implied lessening inclination to ease. West Texas Intermediate crude oil dropped 2.3% to $40.14 per barrel on news that Kuwaiti workers called off their strike. The 10-year Japanese JGB yield dipped another basis point to a record low […] More
