British GDP

Busy Day of Data

February 26, 2015

A surprise 2.2% decline in Australian private investment last quarter rekindled speculation about an interest rate cut by the RBA. British GDP grew 0.5% last quarter and 2.7% from the final quarter of 2013.  Average growth accelerated from 1.5% in 2013 to 2.6% last year.  The slowdown of growth in the final quarter from 0.7% […] More

Awaiting Several U.S. Data Releases Today Before the Xmas Break

December 23, 2014

The U.S. data release calendar today encompasses the final estimate of 3Q GDP plus monthly personal income and spending, durable goods orders, new home prices, the FHFA house price index, the Richmond Fed manufacturing index, and the Reuters/U. Michigan consumer sentiment index.  Weekly chain store sales also get reported. In the meantime, the release of […] More

U.S. Heading for Thanksgiving Day Break

November 26, 2014

Before U.S. markets close early today, a load of U.S. data were released including several downside surprises. New jobless insurance claims jumped 21K last week to 313K, and that boosted the 4-week average rise by 6.25K to 294K. The U. Michigan/Reuters gauge of consumer sentiment in November got revised downward to 88.8 from 89.4 reported […] More


October 24, 2014

On an otherwise quiet Friday from a data release standpoint, investors will be monitoring any news regarding the confirmed case of Ebola in New York City.  Other areas of interest are Sunday’s ECB report on how banks did on the latest stress test and next week’s FOMC meeting.  No press conference is scheduled after the […] More

Steady Dollar in Spite of Many Data Releases

June 27, 2014

The dollar is down 0.3% against the yen, 0.2% versus the Swiss franc and 0.1% relative to the euro and yuan.  The dollar is unchanged vis-a-vis the loonie and 0.2% firmer against the kiwi and up 0.1% against the Aussie dollar and sterling. Japan’s Nikkei fell 1.4% after some disappointing Japanese data. Although CPI inflation […] More

Fresh Declines in Ukraine and Russian Currencies

February 26, 2014

Overnight dollar movements have been limited to gains of 0.2% against the yen and Aussie dollar and of 0.1% relative to the Swiss franc, offset by 0.1% dips against the kiwi, loonie and sterling.  The dollar is unchanged against the yuan and euro.  A follow-up Ukraine hryvnia devaluation to that announced February 6 has been […] More

Loads of Developments this Tuesday

January 28, 2014

The news from Europe, including fourth-quarter British GDP, higher-than-anticipated consumer confidence figures reported in both France and Italy, and Euroland’s index of leading economic indicators, has been upbeat. Money market rates in China rose in spite of another big liquidity injection by the central bank.  China reported a sharp slowdown in the growth of corporate […] More

Many Data Releases as Midyear Draws Near

June 27, 2013

Stocks rallied further in Asia but not Europe.  Share prices increased 3.0% in Japan, 2.9% in South Korea, 3.4% in the Philippines, 1.9% in Indonesia, 1.8% in India, 1.7% in Australia, and 1.3% in Taiwan but slid 0.4% in China and Singapore.  Equities in Europe are down 1.0% in Spain and 0.1% in Italy, unchanged […] More

Disastrous Day for Share Prices in Asia and Europe

May 23, 2013

Japan’s Nikkei-225 index plunged 7.3%, the most for any single session since March 15, 2011 and the second greatest daily drop since October 24, 2008. Elsewhere in the Pacific Rim, stocks fell by 2.5% in Hong Kong, 2.0% in Australia, 1.9% in Taiwan and India, 1.8% in Singapore, 1.7% in Indonesia, 1.3% in China, 1.2% […] More

Not a Big Reaction to Greek Debt Agreement

November 27, 2012

Ecofin and the IMF settled their differences over Greek aid, paving the way for a EUR 34.4 billion installment next month.  The accord’s assumptions about future Greek growth look suspect. The dollar is 0.2% stronger against the euro and Swiss franc, unchanged versus the yen, yuan, kiwi, and sterling, down 0.1% against the loonie, and […] More