Euroland PPI

Concern Reintensifies about Greek Debt

May 5, 2015

Greek share prices fell 3.5%, and the Greek 10-year sovereign debt yield jumped 22 basis points. New quarterly GDP forecasts released by the European Commission revised projected Greek growth in 2015 to 0.5% from 2.5% previously but bumped up the eurozone projected growth rate to 1.5% from 1.3%.  Growth is expected to reach 3.6% in […] More

Week Starts on a More Stable Footing

August 4, 2014

The dollar is unchanged against the euro, Swiss franc, Australian dollar, yuan and sterling.  The dollar is also 0.1% firmer against the yen, loonie and kiwi. The 10-year German bund yield rose a basis point, while its Japanese and British counterparts are a basis point lower.  A bailout of Portugal’s Banco Espinto Santo has been […] More

Focus on U.S. Labor Market and Thursday’s ECB Policy Meeting

April 2, 2014

The dollar is mostly marking time, with downticks of 0.1% against the Australian dollar, Canadian dollar and sterling, no change versus the yen, euro and kiwi and a 0.1% uptick relative to the Swiss franc. Ten-year sovereign debt yields are up three basis points in Britain and a single basis point in Germany and Japan. […] More

No U.S. Jobs Report on this First Friday of the Month

October 4, 2013

Like each first Friday of the month, today’s market action was to have be dictated by the Labor Department jobs report, whose release instead has been indefinitely postponed due to the partial U.S. government shutdown. No breakthroughs have been reported in the budget talks. The Bank of Japan left its policy stance unchanged as expected.  […] More

Chinese Equities Hammered

March 4, 2013

Stocks in China fell 4.6% following the announcement late Friday of new property market curbs there.  Share prices also dropped by 1.5% in Australian and Hong Kong, 1.2% in Taiwan, 1.0% in Indonesia, 0.9% in Singapore and 0.7% in South Korea.  The official CFLP non-manufacturing purchasing managers index weakened to a 5-month low of 54.5 […] More

Investor Hope in a Time of Uncertainty

December 4, 2012

The downside risks are formidable.  Global growth slowed this quarter.  The U.S. fiscal negotiations remain stalemated.  The European recession persists, and finance ministers from the EU are meeting yet again today in Brussels.  Nonetheless, yesterday’s hopeful mood among investors has persisted. The dollar has fallen 0.5% against the Australian and New Zealand dollars, 0.4% relative […] More

Focus on Draghi’s Press Conference

May 3, 2012

The ECB Governing Council’s statement at 11:45 GMT is expected by analysts to leave policies unchanged, but an element of suspense surrounds the tone President Draghi adopts at the subsequent press conference set for 12:30 GMT.  His recent message has been that the central bank has done all it can, and the ball is now […] More

Mixed Markets Ahead of November Jobs Figures

December 2, 2011

Share prices fell 1.0% in China and posted a fourth consecutive weekly decline.  Equities elsewhere advanced 2.2% in India, 1.4% in Australia, 1.0% in Thailand, 0.5% in Japan and so far show strong gains in Europe of 1.4-1.6% in the Dax, Ftse, and Paris Cac.  European bank stocks were helped by reports that the European […] More