Shoko Chukin index

Mixed Results from Second-Tier Data

September 25, 2013

A generally quiet day so far.  The dollar has gained against commodity-sensitive currencies, rising 0.7% against the kiwi, 0.4% versus the Australian dollar and 0.2% relative to the loonie.  The U.S. currency is unchanged against the Chinese yuan but down 0.2% versus the euro, Swissie, yen and sterling. Share prices advanced 1.2% in New Zealand […] More

Global Share Prices Higher following 3-Day Weekends in the U.K. and U.K.

May 28, 2013

Equities climbed 1.1% in Japan and Hong Kong, 1.7% in China, 1.8% in Indonesia, 0.7% in India, 0.3% in south Korea and 0.2% in Australia.  Share prices in Europe so far show gains Tuesday of 1.7% in Italy, 1.6% in Britain, 1.5% in France and Spain and 1.1% in Germany.  There is some speculation that […] More

Japanese Government on Defensive over Yen Policy

January 29, 2013

Foreign governments continue to depict the actions and remarks of the new Japanese government as a breach of the rule against competitive devaluation.  The yen recovered 0.4% against the dollar overnight.  The U.S. currency also lost 0.3% against the Australian dollar and sterling and 0.2% versus the Swiss franc and kiwi.  The dollar has risen […] More

Uneasiness about Europe

September 25, 2012

Numerous concerns persist about the euro area debt crisis.  Will a banking union get formed?  Will Spain submit to outside conditional aid?  Does the Bundesbank have a hidden agenda to torpedo the monetary union?  What’s to be done about Greece, which seemingly cannot meet its bailout macroeconomic promises?  Doomsayer Nouriel Roubini, NYU’s pessimistic economics professor, […] More

Sterling Declined

April 25, 2012

Britain’s disappointing first-quarter GDP report depressed sterling. Small business sentiment in Japan also underperformed expectations.  Speculation persists that the Bank of Japan will ease policy on Friday. Investors await today’s FOMC statement at 16:30 GMT and Fed Chairman Bernanke’s press conference at 18:15 GMT. New Zealand and Australia were closed to day for ANZAC Day, […] More

Ezone Crisis Resolution Remains in Doubt

October 25, 2011

Overnight currency movement has been constrained outside of a 0.6% drop in the kiwi.  The U.S. dollar dipped 0.3% against the loonie, 0.2% relative to the Swissie and sterling, and 0.1% versus the euro, and it is unchanged against the yuan and Australian dollar. In the Pacific Rim, equities were mixed.  Advances were recorded of […] More

Data Flow Picks Up

September 28, 2010

Typical of Tuesday and the approach of end-month, more data has been released today than yesterday.  European sovereign debt concerns persist, but the dollar failed to advance on this.  European data were reasonably healthy. The dollar is 0.3% softer against sterling, down 0.2% against the yen and euro, and off 0.1% versus the Aussie dollar, […] More

Asian Stocks Clobbered

January 26, 2010

Stock markets fell by 3.5% in Taiwan, 2.6% in China, 2.5% in Singapore, 2.4% in Hong Kong, 2.0% in South Korea and 1.8% in Japan.  Australia’s market closed 0.7% lower, and the Paris Cac, British Ftse and German Dax have traded 0.7%, 0.6% and 0.5% weaker. Currency movements also reflect a new wave of risk […] More