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The dollar is firmer, though not against the dollar bloc. Sterling is the weakest of the majors, though it is recovering. The euro fell in every session last week and extended those losses today. For further details see: Shaken Not Stirred
The Dow Jones Stoxx 600 dropped almost 3% yesterday, but today is trying to snap a three-day 5.7% slide that brought it to five-month lows. The S&P 500 gapped lower yesterday and settled on its lows. US shares are trading firmer. The greenback is mostly firmer, though the yen ...
The dollar is falling against most of the world's currencies today. Sterling and the Norwegian krone are leading the majors higher. The Chinese yuan extended its gains and is now at the best level since July 2018. In Asia, most of the large markets gained, but China, India, an...
In the Asia-Pacific region, Japan, Taiwan, and Australian bourses led declines, while China, Honk Kong, South Korea, and India advanced. Europe's Dow Jones Stoxx 600 is straddling little-changed levels. US shares are recouping part of the losses suffered late yesterday. The eu...
Led by a 2% drop in Hong Kong, Asia-Pacific equities tumbled, with the exception of Australia. The Dow Jones Stoxx 600 is off for a third day, but the nearly 2.2% decline is the largest drop since September 21. US shares are also lower. The dollar is gaining across the board. ...
News earlier today that the US President and his wife have tested positive for the COVID-19 virus has injected a new unknown into not only the US election but the markets as well. US shares are around 1.2% lower. European shares have recouped some of the initial sharper losses. ...
US-dollar-denominated exchange reserves - that would be US Treasury securities, US corporate bonds, US mortgage-backed securities, etc. held by foreign central banks - rose 1.9% in the second quarter to $6.9 trillion, according to the IMF's COFER data release. The yen has backed off a...
The major central banks have met, and not one announced fresh policy action. All the brouhaha about the rapid rise of the euro misses that it has been moving sideways for nearly two months. With all the commentary on the euro, it was the yen, whose 1.6% gain last week, led the maj...
Overview A flurry of deals, including the still-evolving Oracle ( ORCL )-TikTok ( BDNCE ) tie-up, helped lift equity markets in the Asia-Pacific region. South Korea's Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third cons...
Overview The markets remain on edge. US-China tensions are escalating. Strained Brexit talks are set to resume today. Profit-taking in the tech space has continued. The ECB meeting is around the corner. The MSCI Asia Pacific Index snapped a three-day slide today with most markets moving high...