November 2, 2011

The dollar slipped back 0.7% versus the euro, 0.5% against the Australian dollar, 0.4% relative to the yen and Swissie, 0.3% against sterling and 0.1% versus the loonie.  The greenback is unchanged against the yuan and 0.2% firmer relative to the kiwi. Stocks in the Pacific Rim were widely mixed.  Gains were posted of 1.9% […] More

PMI Results: U.S. Debt Farce Hammered Manufacturing Last Month

August 1, 2011

Weakened confidence last month in the European and U.S. political institutions infected those real economies.  In spite of lessening Japanese supply disruptions, the U.S. manufacturing purchasing managers index tumbled 4.4 points to 50.9, while the euro area counterpart dropped 1.6 points to 50.4.  The orders component of both surveys fell below 50.0, signaling a contraction […] More

Many Stock Markets in Asia and Europe Posting Sharp Gains on First Trading Day of August

August 2, 2010

Investors remain predisposed to assuming more risk. Stocks advanced by 1.7% in China, 1.8% in Hong Kong, 2.0% in Taiwan, 1.3% in Singapore, 1.2% in India, 0.9% in Thailand and 1.1% in Australia.  The Paris Cac, German Dax and British Ftse have traded up 2.1%, 1.8% and 1.3%.  Trailing behind these markets, Japan’s Nikkei only […] More