Deeper Analysis
Worried Households in the United States, Europe and Japan
August 30, 2011
The Conference Board index of U.S. consumer confidence plunged 14.7 points in August to a reading of 44.5. It’s average score was 61.6 in the second quarter and 66.3 in the first quarter. Even those levels were quite weak compared to pre-recession norms. The last reading as low as 44.5 occurred in April 2009 when […] More
New Overnight Developments Abroad - Daily Update
Digesting End-August Data
August 30, 2011
European currencies were depressed by weak end-month regional data. The dollar has gained 0.8% against the euro, 0.7% relative to the Swissie, and 0.5% against sterling. The dollar otherwise edged up 0.1% against the Australian and Canadian dollars but fell 0.4% against the kiwi and 0.1% against the yen. The yuan is steady. Stocks advanced […] More
