Deeper Analysis
Bank of Japan "Tankan" Business Survey: Review
September 28, 2010
Business sentiment improved clearly between June and September. A marginal deterioration had been predicted in the June corporate survey, but analysts had discounted those projections and were looking for September readings more or less consistent with what the Bank of Japan has just announced. As in the June survey, today’s report anticipates weaker readings in […] More
Deeper Analysis
Digging Out of the Great Recession
September 28, 2010
From their quarterly lows in the recent recession, real GDP by 2Q10 had recovered 4.8% in Japan, 3.4% in Canada, 3.0% in the United States, 2.0% in Great Britain and 1.9% in the euro area. But compared to their prior peaks, only Canada among these economies had essentially filled the hole made during the downturn. […] More
New Overnight Developments Abroad - Daily Update
Data Flow Picks Up
September 28, 2010
Typical of Tuesday and the approach of end-month, more data has been released today than yesterday. European sovereign debt concerns persist, but the dollar failed to advance on this. European data were reasonably healthy. The dollar is 0.3% softer against sterling, down 0.2% against the yen and euro, and off 0.1% versus the Aussie dollar, […] More
