Thursday Data Highlights
December 10, 2008
In addition to several central bank interest rate meetings, tomorrow sees the release of some economic indicators of interest. Chinese consumer prices take on added importance after the surprisingly sharp decline in producer price inflation reported today to 2.0% y/y in November from 6.6% in October and 10.1% in August. The United States and Canada […] More
Larry's Blog
More Likely Central Bank Rate Cuts on Tap for Thursday
December 10, 2008
Several central banks have announced large rate cuts already this month, including moves of 50 basis points in Hungary, 75 basis points in Canada and Euroland, 100 basis points in Vietnam, Australia, India, Thailand and Britain, and 150 basis points in New Zealand. Four central banks are likely to ease tomorrow, each by about 50 […] More
Canadian Competitiveness and Net Exports
December 10, 2008
Canadian productivity, that is output per hour worked, has failed to rise in any of the last six calendar quarters, which is a record streak going back at least to 1981. Productivity fell 1.3% in the year to 3Q08 and by 0.3% per annum in the two years between 3Q06 and 3Q08. U.S. competitiveness, by […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Intensifying Slowdown in China
December 10, 2008
Stocks rose solidly in Asia, including gains of 3.2% in Japan, 5.6% in Hong Kong, and 5.4% in India, but they are lower in Europe with losses of 1.2% in Switzerland, 1.0% in Sweden, 0.9% in the U.K., 0.5% in France and Italy and 0.3% in Germany. The dollar advanced 0.7% against the yen but […] More
