Shirakawa
Uncertain Cypriot Situation Still Overhanging Markets
March 19, 2013
Despite talk of fine-tuning the proposed Cypriot levy on bank deposits, uncertainty in this area and the risk of copy-cat actions elsewhere in the euro area continue to worry investors worldwide. A hope exists that small depositors may be exempted, but then big deposits would be penalized more heavily than proposed initially. The Cypriot parliament […] More
Old Worries Return
December 20, 2012
Fiscal cliff talks appear to have bogged down. Greek Finance Minister Stournaras said a Greek departure from the euro zone remains possible and called 2013 a make or break year. Weak revenue growth in Australia led Treasurer Swan to back away from forecasting a budget surplus this fiscal year. There were other signs of general […] More
Less Investor Angst than Earlier this Week
July 26, 2012
The dollar and yen have eased in tandem by 0.8% relative to the kiwi, 0.6% versus the Aussie dollar, and 0.5% against the euro, Swissie, loonie, and sterling. The dollar also has edged 0.1% lower against the Chinese yuan. Stocks in the Pacific Rim rose 0.9% in Japan, 0.8% in New Zealand, 0.7% in South […] More
Watching G20 Talks and French Election
April 20, 2012
Finance ministers and central bank leaders from the Group of Twenty meeting in Washington are talking mostly about the euro debt crisis. The first round of French Presidential elections on Sunday is expected to set up a run-off contest on May 6 between the incumbent center-right Sarkozy and the Socialist candidate, Francois Hollande. The term […] More
Stocks Up on Lessening Korean Tensions
December 21, 2010
Solid stock price advances have occurred in the Pacific Rim and Europe. Gains amounted to 2.2% in China, 1.9% in Indonesia, 1.5% in Japan, 0.9% in India, 0.8% in South Korea and Australia, 0.7% in Thailand and Taiwan and 0.6% in New Zealand and so far in France and Germany. The British Ftse is trading […] More
Dollar Sinks, Touching or Breaking Several Key Thresholds
October 14, 2010
The dollar has weakened 0.8% against the yen, euro, pound and Swiss franc. It has also lost 0.5% against the Australian dollar, 0.3% versus the Canadian dollar, and 0.2% against the Chinese renminbi. The kiwi is steady. The dollar sank to another 15-year yen low of JPY 80.89. The euro got as high as $1.4123, […] More
Emergency Bank of Japan Meeting Has Louder Bark Than Bite
August 30, 2010
The dollar fell overnight by 0.9% against the Canadian dollar, 0.6% versus sterling, 0.4% against the yen, and 0.1% relative to the Swiss franc. The dollar firmed 0.4% against the kiwi, 0.2% against the euro and 0.1% relative to the Australian dollar and Chinese yuan. Japan’s Nikkei-225 equity index closed 1.8% higher but had climbed […] More
Higher Inflation on Energy
April 13, 2010
The U.S. and Canadian dollars lost 0.4% against the kiwi and sterling, 0.3% against the Swissie, and 0.1% against the yen, euro, and Australian dollar. Equities have fallen 1.1% in Taiwan, 0.8% in Japan, 0.7% in Australia, 0.4% in Malaysia, 0.3% in Pakistan and 0.2% in Hong Kong. In Europe, the German Dax is 0.4% […] More
