Euroland construction output
Dovish Remarks from a Federal Reserve President
February 17, 2016
Boston Fed President Eric Rosengren gave a speech overnight that warned of long-lasting effects on inflation from the plunge of energy prices and predicted that such could impeded efforts to raise U.S. interest rates. Rosengren is one of the more dovish FOMC members. ECB Governing Council member Nowotny of Austria struck a very different tone, […] More
Dovish Rhetoric
October 17, 2014
Markets have a better tone. aided by some dovish remarks from Fed’s Bullard (maybe QE3 shouldn’t end now), Coerce (ECB to start buying assets very soon), Nowotny (euro depreciation constructive), Haldane (British data point to later rate hike rather than sooner), and Kuroda (BOJ easing to continue until 2% inflation secured). The 10-year Treasury futures […] More
Sterling Boosted by Robust U.K. Retail Sales Data
January 17, 2014
British retail sales leaped 2.6% on month in December, lifting the 12-month increase threefold to 5.3%. Non-auto sales went up 2.8% from November and by 6.1% from a year earlier. The Japanese cabinet upgraded its assessment of the economy to “recovering at a moderate pace” from December’s view that the “economy is on the way […] More
U.S. Debt Crisis Averted for Now.. Markets Turn to React
October 17, 2013
U.S. agreement details: Government shutdown suspended until January 15, barring a budget deal before then. Debt ceiling raised temporarily through February 7, though real deadline now sometime in March. President Obama has enhanced safeguards to avoid a default at the next crisis. Deal agreed by 81-18 senate vote and 285-144 vote in the House. There’s […] More
Thanksgiving Week Starts on Optimistic Note
November 19, 2012
This will be a holiday-shortened week in the United States. Japanese markets will be closed Friday for Labor Thanksgiving. In today’s session so far, European share prices have rallied 1.4% in France, 1.3% in Germany, 1.2% in Italy, 1.0% in Britain, and 0.7% in Spain. The Japanese Nikkei climbed 1.4% and closed above 9100. Stocks […] More
Uneasiness about Europe on a Light Data Release Day
March 19, 2012
Share prices are lower in Europe, with drops of 0.6% in Paris and 0.4% in London and Frankfurt. In the Pacific Basin, equities fell by 1.2% in India, 1.0% in Pakistan and Hong Kong, 0.7% in Singapore, and 0.5% in New Zealand. Stocks edged up 0.6% in South Korea, 0.3% in Australian and 0.1% in […] More
