Swiss CPI

Inflation and Debt Ceiling Concerns Nudge Stocks and Dollar Lower

October 4, 2021

Equity markets closed down 2.2% in Hong Kong, 1.1% in Japan, 1.6% in South Korea and 1.0% in Taiwan. China was closed for a National Holiday and will remain so through Thursday. The German Dax is unchanged, and while some other European bourses show marginal rises, U.S. stock futures are off around 0.4%. The dollar […] More

Service Sector PMI Surveys and a Whole Lot More Data This Wednesday

March 3, 2021

The dollar overnight rose 1.0% against the Mexican peso, 0.5% relative to the New Zealand dollar, 0.4% versus the Aussie dollar, 0.3% against sterling 0.2% on a trade-weighted basis and 0.1% versus the yen and loonie. Sterling has remained steady on net, by contrast, continuing a pattern of comparative strength since the start of this […] More

Awaiting U.S. Data as America’s Covid Outbreak Gathers Steam

July 2, 2020

With the U.S. Independence Day weekend kicking off tomorrow, a slew of data will be released today featuring the monthly employment situation report and including the trade balance, factory orders, New York regional PMI, and weekly jobless insurance claims. The holiday weekend also presents a huge risk regarding the U.S. Covid-19 crisis. There have been […] More

Awaiting Weekly U.S. Jobless Insurance Claims Data

April 2, 2020

The stage for this week’s renewed financial market pessimism had been set a week ago when the Labor Department reported a record 3.283K upsurge in new jobless insurance claims for the week of March 21st, and now investors are bracing for an even greater increase of close to 4 million or more. The U.S. advance […] More

Nervous Market Tone Continuing

October 2, 2019

Investors remain leery that policymakers are up to the task of containing the slowdown of global growth. Monetary stimulus has grown old and less effective, while fiscal support is largely missing in action. The trade war motors on even as evidence such as the September purchasing manager surveys show that nobody wins. British Prime Minister […] More

Independence Day 2018

July 4, 2019

Financial markets this Thursday barely moved in the absence of U.S. participation. A few more purchasing managers surveys from June were reported. The global composite PMI stayed at May’s three-year low level. The global services PMI recovered 0.3 points to 51.9 from May’s 33-month low. Hong Kong’s private manufacturing PMI signaled a contractionary trend for […] More

Dollar and Sterling Strengthen but Oil Steps Back

December 6, 2016

The dollar is unchanged against the pound but up 0.4% against the yen, loonie, kiwi and Australian dollar. The U.S. currency also rose 0.2% overnight relative to the euro and Swiss franc. An appeal is being heard in British courts regarding the legality of leaving the EU based solely on a voter referendum. Sterling has […] More

Street Expecting Good U.S. Jobs Report

January 6, 2012

Today is U.S. jobs day, and whisper numbers are conjecturing that non-farm payroll employment may have risen as much as 200K.  This optimism follows yesterday’s strong jobless claims and ADP private employment figures.  There appears to be more room for a reaction to weaker-than-forecast results. In the meantime, investors have other concerns, mostly but not […] More

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