Currency Markets in the News
Euroland PMI Data Exhibiting Continuing Weakness
August 21, 2008
PMI readings weakened noticeably in just three months between May and August. The overall composite index was 48.0, down from 51.1 in May, and included a drop in the orders component to 46.5 from 49.8 and in the employment sub-index to 49.0 form 51.1. In those three months, Germany’s index fell 4.7 points to 50.3, […] More
Canadian CPI Delivers No Surprise
August 21, 2008
Canadian total consumer prices posted a smaller seasonally adjusted monthly rise in July of 0.3% after increases of 0.8% in June, 0.7% in May and 0.5% in April, and the 12-month inflation rate was at an expected 3.4% compared to U.S. inflation of 5.6%. 3.4% represents a 64-month high and was less than the Bank […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Equities Fell in Asia and Europe
August 21, 2008
In Asia, the Japanese Nikkei’s 0.8% drop was eclipsed by stock market declines of 3.5% in China, 2.6% in Hong Kong, 2.8% in Pakistan, 2.0% in Thailand, 1.7% in South Korea, and 1.4% in Taiwan. Australian equities fell 1.1%. In Europe stocks are down 1.4% in France, 1.1% in Italy, 0.9% in Germany and 0.7% […] More
Currency Markets in the News
Brisker Japanese Export Growth
August 21, 2008
The year-over-year growth in export volumes, which halved to 4.9% in the second quarter from 10.1% in 1Q08, rebounded last month to a much stronger-than-expected 7.4%. Export values increased 8.1% despite an 11.5% on-year drop in shipments to the United States. Such was more than offset by exports to neighboring Asia, which expanded 12.7% overall […] More
