U.S. industrial production

Inflation and Russian Invasion of Ukraine Casting Longer Shadows

March 17, 2022

Equities behaved in a widely diverse way overnight after the Fed enacted the first of many rate hikes. Share prices closed up by 7.0% in Hong Kong, 3.5% in Japan, 3.0% in Taiwan, 1.8% in India, 1.7% in China, and 1.1% in Australia. But stock markets so far are down this Thursday by 1.0% in […] More

A Parade of Central Bank Announcements and PMI Releases, Plus Another Strong U.S. Labor Market Indicator

December 16, 2021

The rally late yesterday in U.S. equities carried over into Thursday trading. Share prices rose 2.1% in Japan, 0.8% in China, 0.7% in Taiwan and 0.6% in South Korea. The British, German and French stock markets show gains so far of more than 1.0% today, and the DJIA has gone up by a further 0.6%. […] More

Electoral College Honors Voters’ Choice and Picks Biden; Data Focus on China

December 15, 2020

The dollar is little changed today. It’s biggest move, a 0.4% decline against sterling, comes as trade talks were extended past the deadline and as British labor market data revealed a full return of average wage earnings growth to the pre-pandemic pace but also a larger-than-forecast 64.3k jump in jobless insurance claims due to a […] More

Two Competing Covid Narratives

July 15, 2020

As is the case on so many matters, faith and reason are clashing in how psychology is being affected by the coronavirus news. This week at least, faith — in this case optimism generated by favorable reports regarding a British vaccine in testing — is overriding the reality of accelerating trends in the virus’ spread […] More

Pessimism Gaining Upper Hand in Financial Marketplace

April 15, 2020

Projected contractions in real GDP this year embodied in the IMF’s World Economic Outlook would make this the weakest calendar year economic performance since the early 1930s. The Washington-based group foresees activity falling by 3.0% in the world, 5.9% in the United States, 7.5% in Euroland, 6.5% in the U.K., 6.2% in Canada, and 5.2% […] More

Border Emergency Instead of a Second U.S. Government Shutdown

February 15, 2019

Share prices sank in Asia by 2.2% in Hong Kong, 1.4% in China, 1.3% in South Korea and 1.1% in Japan but have since rallied 1.0% or more in the U.S., Canada, Germany and France. The dollar fell overnight by 0.5% against sterling, 0.3% relative to the Aussie dollar, and 0.2% vis-a-vis the kiwi but […] More

Dollar Higher on News of Industrial Production Rebound and Amid Powell Testimony

July 17, 2018

The dollar is trading above Monday closing levels by 1.0% against the Swiss franc, 0.6% versus the yen and sterling, 0.4% vis-a-vis the Australian dollar and 0.2% relative to the euro, loonie, yuan and peso. U.S. industrial¬† production rebounded 0.6% in June from a 0.5% decline in May. Factory output advanced 0.8%, and overall capacity […] More

Sterling Lifted by Decision to Hold Early British Election

April 18, 2017

British Prime Minister Theresa May will reportedly announce a decision tomorrow to hold a snap parliamentary election on June 8. The previous British election was held in May 2015, and another one isn’t required until May 2020. May, who succeeded the resigning David Cameron last July, had previously been opposed to calling snap elections but […] More

Dollar Stronger on this Day of Important Developments

July 15, 2015

The dollar hit a high of $1.0954 per euro, strongest since July 7 and 4.4% above its June 18 low.¬† The euro has also weakened against sterling is is barely remaining above 0.7000 per pound. Compared to Tuesday closing levels, the dollar has risen 0.7% against the Swiss franc, 0.5% versus the kiwi, 0.4% vis-a-vis […] More

Dollar Gains as Week Draws to a Close

May 15, 2015

The dollar advanced broadly overnight, appreciating by 1.3% against the Swiss franc, 1.1% relative to the Australian dollar, 0.5% versus the euro and loonie, 0.8% vis-a-vis the kiwi, 0.4% against the yen, 0.2% versus sterling and o.1% against the yuan. The Japanese Nikkei climbed 0.8%, but share prices fell 1.8% in China, 0.7% in South […] More

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