Euroland GDP growth

A Fresh Worry: Chinese Growth Slowed Last Month

May 15, 2019

Asian stock markets had taken the North America upward cue, posting gains on Wednesday of 1.9% in China, 0.6% in Japan and Hong Kong, 0.4% in Taiwan, and 0.5% in South Korea but that was before news of soft Chinese industrial production, retail sales, and business investment. In European trading, stocks are down 1.0% in […] More

ECB Policy Shift Drives Stocks and Sovereign Debt Yields Lower, Dollar and Yen Higher

March 7, 2019

The Governing Council of the European Central Bank revised projected growth and inflation significantly downward, postponed the first possible interest rate hike to beyond 2019, announced a third round of quarterly targeted longer-term TLTROs to help “preserve favorable bank lending conditions and the smooth transmission of monetary policy,” retained a negative risk balance in spite […] More

In Suspense Ahead of Tariff Announcements

September 7, 2018

President Trump is expected to announce a huge ramp-up in tariffs next week, especially on imports of Chinese goods, and China will no to retaliate in kind. Some pundits worry this escalating trade war will hammer U.S. equities, depress U.S. growth, lift U.S. inflation, and further incentivize the FOMC to raise interest rates. Stocks in […] More

First-Quarter Euro Area GDP Growth

May 15, 2013

The single fact that the euro area’s economy contracted about a third as rapidly last quarter as it had in the final period of 2012 is about the extent of consolation one take take from today’s release of preliminary national income accounts.  Only three of the seventeen members reported positive growth.  Most had weaker growth […] More

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