Euroland GDP

Risk Aversion Sends Stocks and Commodities Lower and Yen and Dollar Higher

June 8, 2011

Euroland officials still haggling over the composition of a Greek bailout. OPEC ministers meeting in Vienna have range of stands over whether to raise oil production. Moody’s again warns that British AAA sovereign debt rating may get downgraded. Today’s release of the Fed Beige Book of regional trends comes amid mounting concern that U.S. growth […] More

Japanese, U.S. and Euro Area First-Quarter Growth

May 19, 2011

Japanese real GDP imploded 3.7% at an annualized rate last quarter, while U.S. real GDP advanced by 1.75%.  Real GDP in Japan was 1.0% lower than a year earlier and 5.6% below its pre-recession peak.  U.S. real GDP was 2.3% higher than in the first quarter of 2010 and 0.6% above the pre-recession level.  The […] More

Strong European GDP Reports Lift Euro

May 13, 2011

A squeeze on euro short positions saw the common currency touch an overnight high of $1.4340.  In spite of the dollar’s “strong” week, $1.434 was back to last Friday’s close.  The dollar has to run to stand still.  The greenback at present is down 0.4% against the yen and 0.3% against the euro but shows […] More

Very Busy Day

February 15, 2011

Central bank decisions have been announced in Japan, Sweden and Turkey.  Euroland fourth-quarter GDP figures were weaker than forecast.  The United States released retail sales, import prices and international capital flows, while Britain reported a 4.0% on-year rate of CPI inflation, most since November 2008 and twice the targeted pace. The dollar is mixed, falling […] More