Archive for February 28th, 2011

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

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