Canadian current account

Some weak European and Japanese Data

August 29, 2018

French GDP growth slowed to a 0.2% per quarter rate in the first half of 2018 from 0.7% per quarter in the second half of 2017. In the second quarter alone, personal consumption contracted for the first time since the summer of 2016. Imports advanced five times faster than exports, and net foreign demand exerted […] More

Concerns from Several Places

May 30, 2017

Markets in China and Hong Kong remain shut for the Dragon Boat Festival, but British and U.S. markets reopened following 3-day holiday weekends. European political uncertainty is one theme in early Tuesday trading. The outcome of the British election on June 8 is not assured, since opinion polls show a narrowing lead for Prime Minister […] More

A Lot to Ponder in Spite of U.S. and British Holiday Closures

May 30, 2016

U.S. markets will be closed for Memorial Day, the unofficial start of summertime currency trading.  London markets are shut, too, for the late May Bank holiday. At the summit of G7 leaders held in Japan, a mixed agreement was reached not to engage in competitive devaluation but also protesting excessive exchange rate volatility.  Japan’s prime […] More

Thanksgiving Day 2014

November 27, 2014

Markets will lack the usual leadership of the U.S. trading presence, but some interesting data were released earlier. Germany’s unemployment stayed at a record low of 6.6% in November.  14K fewer workers were without work, which was a surprise to forecasters. German consumer price inflation slowed to 0.6% in November from 0.8% in the three […] More

Calm before U.S. Sequestration

February 28, 2013

It doesn’t look like the sequestration, across-the-board U.S. federal spending cuts, will be averted. But equities are doing well, with overnight gains of 3.0% in China, 2.0% in Hong Kong, 2.7% in Japan, 1.7% in Indonesia, 1.6% in the Philippines, and 1.3% in Australia.  In Europe, the Dax and Spanish Ibex are 0.8% higher.  The […] More

Spanish Delay

August 30, 2012

Following talks in Madrid between the leaders of Spain and France, Spain’s Prime Minister announced another delay in whether it would seek a bailout.  This news added to some weak data to depress share prices and commodities, but currency movements have been limited. The dollar has risen 0.3% against the Aussie and Canadian dollars, 0.2% […] More

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