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Overview
US dollar and rates are firmer today. All the G10 currencies are lower, led by the Japanese yen. The UK reported firmer than expected CPI and this may have deflected some of the selling pressure away from
Sterling And Gilts Pressed Lower By Firmer CPI
Summary
- China's stocks were among the few from the large markets that advanced today. South Korea and Indian equities traded higher.
- The US 10-year yield is up almost three basis points to a little beyond 4.42%.
- Net exports reduced Japan's GDP in Q3 by 0.4%.
Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc's commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense