Manufacturing PMI surveys
Dollar Begins March with a Decline, and Asian Equities Buoyed by Stronger-than-Expected Chinese Growth
March 1, 2023
The dollar fell back overnight by 1.0% against the euro and Chinese yuan, 1.5% versus the kiwi, 0.8% relative to the Australian dollar, 0.7% vis-a-vis the Swiss franc, 0.5% against the Japanese yen, 0.4% relative to the Canadian dollar and Mexican peso, and 0.3% versus sterling. The relaxation of Covid restrictions gave China’s economy a […] More
2023 Opens on a Cautiously Hopeful Market Note
January 3, 2023
Share prices closed up 1.8% in Hong Kong, 0.9% in China, and 0.6% in Taiwan and Indonesia. Japan stayed closed for holiday. Stock markets have traded up at least 1.0% so far in today in Germany, France, Italy and the U.K., and U.S. equity futures show an upturn of about 0.9%. The mood change accompanying […] More
Investors Heartened by Unconfirmed Social Media Reports that Chinese Covid Restrictions Will Be Relaxed Soon
November 1, 2022
Stock markets in the Pacific Rim soared 5.2% in Hong Kong, 2.6% in China, 1.7% in Australia, 1.8% in South Korea, and 1.2% in Singapore. Japan’s Nikkei firmed only 0.3%, by contrast, but equities in German, France, Great Britain, Spain and Italy are all trading 1-2% higher so far today. U.S. future point to a […] More
Dollar Mixed, Stocks Down in Europe and Asia, Oil Up But Sovereign Debt Yields Sharply Lower
October 3, 2022
On this first trading day of the fourth quarter, the dollar fell 1.3%, 0.9%, 0.7% and 0.4% against the kiwi, Aussie dollar, loonie, and sterling but rose by 0.4%, against the euro, 0.2% versus the Swiss franc and 0.1% vis-a-vis the Japanese yen. China is closed most of this week. Stock markets sank 1.1% in […] More
Rout of Stocks and Bonds Intensifies, Sending the Dollar to Fresh Two-Decade High
September 1, 2022
Manufacturing purchasing manager surveys for August showcased real-sector pain from elevated inflation and supply delays. Such also reveal some progress on the inflation front (but not enough so for central bankers to halt their counter-attack to restore price stability). Equity markets in the Pacific Rim fell by 2.3% in South Korea, 2.0% in Australia, 1.9% […] More
August Kicks Off With Signs of a Global Slowdown and a Further Drop in the Dollar
August 1, 2022
The dollar fell overnight by a further 0.5% on a weighted basis and is 3.6% below last month’s multi-decade high. Dollar losses so far this Monday amount to 2.0% against the kiwi, 1.0% versus the yen, 0.7% relative to the Australian dollar, 0.6% vis-a-vis sterling, 0.4% against the euro and peso, and 0.2% versus the […] More
Hawkish Remark from Powell and Plenty of More Data to Absorb as December Kicks Off
December 1, 2021
Fed Chairman Powell signaled that a faster tapering of Fed quantitative stimulus will be considered at this month’s FOMC meeting. The U.S. economy is showing resilience, and the risk is rising of higher inflation expectations. The dollar dipped 0.1% on a weighted basis overnight. Equities, 10-year sovereign debt yields, and the prices of oil and […] More
Dollar Loses More Ground as Trump’s Reelection Prospects Improve
September 1, 2020
On the heels of a weak performance in August, the dollar fell another 0.8% against sterling overnight and also lost 0.5% relative to the euro, kiwi, and peso, 0.4% versus the yuan, 0.3% vis-a-vis the loonie, and 0.1% against the yen and Australian dollar. It also costs more dollars today than yesterday to buy commodities […] More
Mounting Evidence of Slower Growth in Europe and Japan
March 1, 2019
Stock markets rallied in Asia on hopes for a U.S.-Chinese trade deal soon. Share prices climbed Friday by 1.8% in China, 1.3% in Hong Kong, 1.0% in Japan, 0.9% in Indonesia and 0.6% in India. The black sheep was South Korean equities, which dropped 1.8% further following the collapsed U.S./North Korean denuclearization talks. Equities in […] More
Continuing Parade of March Purchasing Managers Surveys
April 3, 2018
While many markets had remained shut for Easter Monday, U.S. equities plunged yesterday, led by technology issues. Today in earlier trading, markets have paused comparatively speaking. Stocks closed down only 0.8% in China, 0.6% in Taiwan, and 0.5% in Japan and Singapore, and the Hang Seng rose 0.8%. Likewise, stocks in Europe have fallen 0.9% […] More
