Deeper Analysis
February in Figures
February 28, 2011
Very little net movement in either long- or short-term interest rates occurred during the four weeks of February. The dollar on balance performed even more weakly than in January, and stocks did better, preserving a long-established tendency for equities and the dollar to behave inversely. One currency that did worse than the U.S. dollar was […] More
Deeper Analysis
Stronger and Better-Balanced Activity in Canada
February 28, 2011
Canadian real GDP expanded 3.3% at an annualized pace last quarter, accelerating from annualized growth of 2.0% over the previous two quarters. GDP was 3.2% higher than in the final quarter of 2009 and recorded similar average growth in calendar 2010 of 3.1%. While conceding that the recovery was proceeding somewhat more rapidly than they […] More
Deeper Analysis
A Setback in Euroland’s Retail Sector
February 28, 2011
Retail purchasing manager survey readings revealed a significant setback in February. Only readings above 50 constitute expanding activity, and February’s score of 49.9 was 5.9 points less than the reading in October. Such breaks a string of three consecutive increases and three straight scores above 51. The end of a cash for auto clunkers program […] More
New Overnight Developments Abroad - Daily Update
End of February Data Releases
February 28, 2011
Monday’s tend to have fewer data releases than other days of the week but not when they coincide with the end of the month. Oil prices are steady and below $100 at $97.89 per barrel amid confidence that Gaddafi will be squeezed out of power. The dollar has lost 0.6% against the euro and 0.7% […] More
