FOMC Meeting and Putin’s Reservist Mobilization Overhang an Edgy Day

September 21, 2022

The FOMC announcement at 14:00 EDT will be accompanied by updated macroeconomic forecasts and followed by Chairman Powell’s press conference starting at 14:30 (18:30 GMT). Officials are expected to raise the federal funds target by 75 basis points, bringing the increase since June to 225 bps and establishing the highest target level (3.0-3.25%) since a […] More

Euro Up Against the Dollar and Other European Currencies

February 4, 2022

The euro climbed overnight by half a percent against the dollar, which otherwise rose 0.2% against the Swiss franc and sterling, 0.3% versus the loonie, 0.4% relative to the kiwi, and 0.5% vis-a-vis the Aussie dollar. Equity markets remain very volatile ahead of today’s report of January U.S. labor market statistics. The ADP estimate of […] More

Most Equities Have Firmer Tone

April 4, 2016

Friday’s post-jobs report rise in stocks has carried into Monday’s session.  U.S. futures are indicated higher.  Stocks rose 0.5% in India, 0.6% in Singapore and New Zealand and 0.3% in South Korea.  Japan’s Nikkei slipped 0.3%, and Taiwan, China, and Hong Kong were closed, observing the Ching Ming Festival.  In Europe, share prices have risen […] More

Market Unease at Start of Fresh Week

September 28, 2015

A fresh wave of risk aversion swept over European stock markets, where share prices are down so far by 2.2% in France, 2.3% in Greece, 1.8% in Italy, 1.5% in Germany but just 0.4% in Great Britain and Switzerland. Japan’s Nikkei tumbled 1.3%, and stocks dropped by 2.1% in Indonesia, 1.4% in Singapore and 1.0% […] More

Concerns Continue about Advanced Economies

May 25, 2011

The dollar is mixed, and stocks are trading precariously.  The dollar rose 0.6% against the Australian dollar and by 0.2% relative to the yen, Canadian dollar, euro, and kiwi.  The greenback is down by 0.4% against the Swiss franc, 0.3% versus sterling and 0.1% against the yuan. Equities fell 1.3% in South Korea, 1.2% in […] More

Weaker Dollar at End-Quarter

March 31, 2011

The dollar fell overnight by 0.6% against the euro, 0.4% versus the Swiss franc, 0.2% against the Canadian dollar, and 0.1% relative to the yen, kiwi, Aussie dollar, yuan, and sterling.  The dollar has lost 5.8% against the euro since the end of 2010. Most Asian equities rose overnight, with gains of 1.0% in Indonesia, […] More