OECD Outlook
Equities and Dollar Mostly Firmer
May 21, 2019
Share prices in the Pacific Rim rose 1.2% in China, 0.8% in Indonesia, 0.6% in Taiwan, and 0.4% in Australia, but the Japanese Nikkei closed down 0.1%. stocks in Europe have so far risen today by 1.1% in Germany, 0.8% in the E.K. 0.7% in Italy, 0.6% in France, 0.5% in Switzerland, and 0.3% in […] More
Stronger Dollar and Stocks
November 28, 2017
Financial markets are in a healthy mood as November winds down. The dollar shows gains of a half percent or less against the euro, yen, Swissie, sterling, and Aussie dollar. The DOW is up 0.3%. Share prices have advanced 0.9% in the U.K., 0.6% in Spain, 0.5% in Switzerland and France, and 0.4% in Germany. […] More
Markets Less Fearful
June 7, 2017
The troubled Banco Popular in Spain is being acquired by Banco Santander, easing concerns about the banking system in Euroland’s fourth largest economy. Donald Trump announced the nomination of a former assistant attorney general from the Bush43 administration, Christopher Wray, to be FBI Director. The timing of this revelation one day before the highly awaited […] More
PMI Report Card and Other News
June 1, 2016
Today is the first day of June, a month that sees the ECB Governing Council meet tomorrow and both the FOMC and BOJ Board hold policy meetings at mid-month. Markets only discount a one in four chance of Fed tightening this month but more than even odds for an interest rate increase by the July […] More
