Chinese GDP

Data to Digest

October 21, 2014

Data released earlier today include Chinese GDP, retail sales, industrial production and business investment, revised Euroland deficit- and debt-GDP ratios, and Japan’s all-industry index.   U.S. existing home sales and weekly chain store sales figures are awaited.  Markets are also getting some corporate earnings reports, which have exceeded expectations.  The dollar is unchanged overnight against the […] More

Chinese Data Released on a U.S. Holiday

January 20, 2014

The U.S. Martin Luther King JR. holiday has sucked leadership out of today’s market action. The dollar shows only small changes from Friday’s closing, losing 0.3% against the euro and Aussie dollar, 0.2% relative to the yen, and 0.1% versus the Swiss franc and sterling.  The loonie, kiwi and yuan are unchanged. Share prices in […] More

Gold Plunges More than $100/Oz

April 15, 2013

The free-falling price of gold is 7.4% lower than its Friday close and, at $1,389.90, at its weakest level since February 18, 2011.  Oil has plunged 3.5% to $88.13 per ounce, lowest since December. Commodity-sensitive currencies have been depressed sharply.  The U.S. dollar has risen 1.3%, 1.1% and 0.8% against its New Zealand, Australian and […] More

Focus on Algeria, China, Japan, and Britain

January 18, 2013

Algerian forces stormed the gas plant where foreign workers had been held hostage by militants, and some of the hostages were killed in the ensuing battle.  Details are unclear at this time.  This crisis caused British Prime Minister Cameron to postpone his speech on Britain’s relationship to the EU in the future.  No make-up time […] More

More Chinese Data, and a Downgrade of Italian Debt

July 13, 2012

Chinese GDP, retail sales, and industrial production figures were about as expected rather than worse than feared. On-year GDP growth slowed to 7.6% last quarter from 8.1% in the first quarter, 8.9% in 4Q11, 9.1% in 3Q11, 9.5% in 2Q11, 9.7% in 1Q11, and 11.8% in the first quarter of 2010.  Quarter-over-quarter growth of 1.8% […] More

Calmer Conditions but Situation Still Fragile

July 13, 2011

The market’s angina of Tuesday has faded somewhat.  The strength of Chinese data including second-quarter GDP surpassed expectations, and Italy’s lawmakers appear poised to approve austerity by the end of this week.  More hope exists that the U.S. debt ceiling will be lifted before August 2.  The Bank of Japan’s monthly assessment accentuated positive developments […] More

Many Data Releases and Ireland Gets a Ratings Downgrade

April 15, 2011

Moody’s downgraded Irish debt by two notches and left the outlook negative. Chinese GDP growth of 9.7% last quarter surpassed expectations of 9.4%.  GDP had risen 10.3% in 2010 and 9.8% between 4Q09 and 4Q10.  GDP advanced 2.1% quarterly between the final quarter of 2010 and first quarter of 2011.  Other data, many of which […] More

Euro Up Despite Geithner Remarks

October 21, 2010

U.S. Treasury Secretary Geithner reiterated that the dollar is fairly valued against the yen and euro.  Nonetheless, the euro hit $1.4052 today versus a low of $1.3698 yesterday and on balance is 0.5% stronger than Wednesday’s close.  The dollar also eased 0.4% against the Canadian dollar, and 0.1% relative to the yen, Australian dollar, and […] More

Asian Stocks and Dollar Are Weaker

July 15, 2010

The dollar fell by 0.7% against the euro, 0.6% against the Swiss franc and sterling and 0.2% versus the yen and Canadian dollar.  The U.S. currency firmed 0.2% against the kiwi and 0.1% against the yuan and Australian dollar. Equities in the Pacific Rim lost 1.7% in China, 1.5% in Hong Kong, 1.1% in Japan, […] More

Dollar Higher on Chinese and European Data

January 21, 2010

The dollar strengthened 1.0% against sterling, 0.8% versus the kiwi, 0.6% against the yen and Canadian dollar, 0.4% relative to the Swiss franc and euro, and 0.2% against the Australian dollar. Stocks in the Pacific Rim rebounded 1.2% in Japan, 0.5% in South Korea and 0.4% in China but slumped 2.4% in India, 2.0% in […] More