Australian current account
Reminders that Covid’s Negative Effect on Economic Activity Isn’t Going Away Quickly
March 2, 2021
Yesterday was a good day from a data release point of view, and equities rallied around the world. Today’s news has been more sobering. German retail sales, which had tumbled 9.1% in December but been forecast to be fairly flat in January, instead took a further 4.5% dive and recorded an even greater year-on-year slide […] More
Worries about China Rattle Global Equities Again as a New Month Begins
September 1, 2015
A series of bad Chinese purchasing manager survey results were reported on Tuesday. The private Caixin composite PMI (formerly compiled by HSBC) slumped 1.4 points to a 78-month low of 48.8 in August amid weak demand. The Caixin manufacturing PMI of 47.3 was down from 47.8 in July to a 77-month low of 47.3 in […] More
Worries about China Rattle Global Equities Again as a New Month Begins
September 1, 2015
A series of bad Chinese purchasing manager survey results were reported on Tuesday. The private Caixin composite PMI (formerly compiled by HSBC) slumped 1.4 points to a 78-month low of 48.8 in August amid weak demand. The Caixin manufacturing PMI of 47.3 was down from 47.8 in July to a 77-month low of 47.3 in […] More
Another Day Closer to the ECB Press Conference
September 4, 2012
The dollar is unchanged against the euro and Swiss franc, up 0.1% versus the yuan and sterling, and up 0.2% against the yen. The weakest majors have been the Australian and New Zealand dollars, against which the greenback is 0.5% and 0.4% stronger. There’s been a leak of a closed door Draghi briefing to the […] More
