Swiss and Turkish CPI
New Month Beckons With Continuing U.S. Federal Shutdown, October Batch of Manufacturing PMI Surveys, Some Price Data and a Japanese Holiday Closure
November 3, 2025
(167) Economic pain from the unresolved 5-week-old U.S. federal government shutdown is expected to intensify in early November. On this first business day of November, manufacturing purchasing manager surveys have been reported for a slew of countries, but Japanese markets are closed for the Culture Day holiday. Two news highlights today are President Trump’s disclosure […] More
Dollar Stays Weak, but Equities Rebound Following Friday’s Selloff
August 4, 2025
(180) Dollar losses last week were extended this Monday by 0.4% against the Mexican peso and Korean won, 0.2% versus the yen and sterling and 0.1% compared to the Canadian dollar. The euro is steady, and the Swiss franc has risen 0.5%. All four broad U.S. stock market indices — the DOW, SPX, Nasdaq and […] More
Awaiting U.S. Labor Statistics, Trump’s Fiscal Package and ECB Minutes
July 3, 2025
Financial markets are waiting and seeing ahead of today’s one-day early release of June U.S. labor market statistics. Considerable progress was made overnight toward a likely passage by the House of President Trump’s tax and spending bill, setting the stage for its signing into law tomorrow. Minutes from the last European Central Bank will also […] More
Bearish Global Growth Outlook, Dutch Government Collapses, and In-Target Euroland Inflation
June 3, 2025
Citing tariff strains, the updated forecast of the Organization for Co-Operation and Economic Development (OECD) has revised projected global growth for this year and next lower to 2.9%. In the United States where deportations and federal job cuts will inject additional headwinds, real GDP is seen by the group expanding just 1.6% in 2025 and […] More
Dollar Slips on a Day With Several Markets Closed for Holiday
May 5, 2025
(193) The dollar depreciated overnight by 0.8% against the yen, 0.6% relative to the kiwi, 0.5% versus the Swiss franc and Aussie dollar, 0.4% vis-a-vis the euro and 0.3% against sterling. U.S. share prices are trading in the red in contrast to rises of 1.0%, 0.5% and 0.3% in the German, Spanish and Italian stock […] More
