Euroland economic sentiment

Dollar and Fixed Income Security Prices Soften

June 29, 2017

The dollar declined overnight by 0.5% against the peso, 0.4% relative to the Australian currency, 0.3% versus the yuan and sterling, 0.2% vis-a-vis the euro, and 0.1% against the Swiss franc and loonie. The dollar firmed 0.2% against the kiwi and 0.3% versus the yen. Ten-year German bund and British gilt yields jumped five basis […] More

Approaching Monthend Brings Heavier Flow of Economic Data

August 30, 2016

The dollar remains firm on the anticipation of a federal funds rate hike in September, contingent of course upon a decent U.S. monthly jobs report due this Friday. Fed Vice Chair Stanley Fisher elaborated further on previous hawkish remarks, noting that the labor market is nearing full employment conditions. The dollar is 0.4% stronger against […] More

Tuesday’s Market Rebound Extended

June 29, 2016

European share prices have risen an additional 2.8% in Spain, 2.5% in France, 2.4% in the U.K. and Italy,  2.2% in Switzerland, 1.9% in Germany and 1.2% in Greece. Sterling is trading currently at $1.3421, up another 0.6% and 2.3% above the 30-year low seen on Monday. The dollar has also settled back 1.0% against […] More

Markets Watching G20 Meeting… More Low Inflation News

February 26, 2016

Finance Ministers and central bank chiefs from the Group of Twenty economies began a two-day conference in Shanghai.  The Governor of the Peoples Bank of China denied the yuan will be devalued and said other tools are available to support demand in the world’s second biggest economy.  Chinese property prices rose 2.5% in January.  More […] More

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

Euroland Sentiment Indices Unexpectedly Buoyant

March 28, 2014

The dollar has risen 0.2% against the yen and 0.1% versus the Swiss franc and Australian dollar but also shows losses of 0.1% against hte kiwi, loonie and sterling.  The yuan and euro are unchanged against the dollar. Share prices in the Pacific Rim climbed 1.1% in Hong Kong, 1.0% in Indonesia, 0.6% in India, […] More

Japanese Market Volatility Intensifies

May 30, 2013

The more Japanese officials express unconcern, the uglier the mood of the markets there becomes.  The Nikkei-225 plunged another 5.2% to 13,589, 13% below its May 22 closing level.  Compared to its low that day of 103.74 per dollar, the yen’s high today of 100.46 constituted an appreciation of 3.3%.  The 10-year JGB yield fell […] More

Somewhat Softer Dollar

April 29, 2013

With holiday closures in Japan for Showa Day (commemorating the era of former Emperor Hirohito) and China for Labor Day, the dollar had declined 0.7% against the kiwi, 0.6% versus the Australian dollar, 0.4% relative to the euro and Swiss franc, 0.3% against the loonie and sterling and 0.1% vis-a-vis the yen.  The yuan is […] More

Evidence of Weakening Euro Area Sentiment and Disagreement on Means to Grow Europe

April 26, 2012

The boost to stocks from Fed Chairman Bernanke’s press conference didn’t last long. Investors have taken from Bernanke that further stimulus measures will only happen if U.S. growth or inflation falters anew. Euroland economic sentiment dropped 1.7 points to a reading of 92.8, matching last December’s score. ECB President Draghi and French presidential candidate front-runner […] More

Confusion of More Divergent Economic Statistics

January 6, 2011

The dollar is generally firm, supported by yesterday’s ADP employment report, higher market interest rates, European economic divergence, and lingering euro area peripheral debt concerns.  The dollar advanced 0.4% against the euro overnight and is also up 0.3% against the Swiss franc and 0.2% versus sterling and the Australian dollar.  The dollar jumped 0.6% against […] More

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