Euroland retail sales

Mixed Picture

February 5, 2014

Japan’s Nikkei rebounded 1.2% from a 4-month low on some better-than-expected Japanese earnings from Panasonic, Toyota and Sony.  But in a sign of continuing risk aversion, the dollar fell 0.5% against the yen. The greenback is unchanged against the euro, Swissie, Aussie dollar and yuan.  It shows gains of 0.3% versus sterling and 0.2% relative to […] More

Euro a bit Lower Despite Positive German Data

January 8, 2014

The dollar climbed overnight by 0.3% against the loonie, 0.2% versus the euro, Swiss franc and yen and 0.1% relative to the kiwi.  Sterling is 0.1% stronger, and the yuan and Aussie dollar are unchanged against the greenback. The Nikkei rebounded 1.9%, helped by a softer yen.  In other markets around the Pacific Rim, stocks […] More

Slightly Softer Dollar and Yen

November 6, 2013

The dollar edged 0.1% higher against the yen but is otherwise down 0.5% against the kiwi, 0.4% versus the euro, 0.3% relative to the Swiss franc, sterling and Australian dollar, and 0.1% against the loonie.  The yuan is unchanged on a day that saw Chinese share prices drop 1.3%. In other stock markets, share price […] More

Weaker Aussie Dollar on Rate Cut Speculation

May 6, 2013

The U.S. currency has climbed 0.7% against the Aussie dollar but is otherwise fairly stable relative to Friday closing levels. Australian retail sales fell 0.4% in March.  It was the first decline since December. Australian job ads dropped 1.3% in April, more than twice as fast as the 0.5% decrease in March. The MI-TD gauge […] More

U.S. Election Aftermath

November 7, 2012

The composition of the U.S. federal government did not change.  The Democrats retained control of the White House and Senate, and the Republicans did the same in the House of Representatives.  Obama captured at least 303 electoral votes, 33 more than needed for victory, by winning most of the battleground states such as Ohio, Colorado, […] More

Ezone Service PMI Scores Revised Lower as Investors Continue to Await ECB Meeting

September 5, 2012

The Australian dollar fell another 0.4% against the U.S. currency in reaction to 2Q Aussie GDP figures and touched a 6-week low of $1.0165.. The greenback also advanced 0.3% against the loonie and 0.2% relative to the euro and Swissie.  The yen and yuan are steady, while the kiwi and sterling have each edged 0.1% […] More

Mixed European Data… U.S. Market Closed

July 4, 2012

There will be no U.S. market trading today because of the Independence Day holiday. Retail sales in the euro area rose 0.6% in May following April’s 1.4% decline.  Sales volume in April-May together was 1.0% below the first-quarter average.  Sales in May, although stronger than assumed, were down 1.7% from a year earlier. Euroland’s composite […] More

Tensions Intensify in Italy but Ease in Greece

November 7, 2011

Greek Prime Minister Papandreou is stepping down in favor of a temporary coalition government whose leader is yet to be named.  The Unity Government will be installed tomorrow and must reaffirm allegiance to the October 27 bailout plan.  Then the next EUR 8 billion loan from the EU will be received.  Greek voters will elect […] More

Service Sector Purchasing Manager Surveys Released

May 4, 2011

Japan remained closed for Greenery Day, the third of four Golden Week holidays. Stocks fell by 2.6% in China, 2.4% in Pakistan, 1.3% in Singapore, 1.4% in Hong Kong and 0.9% in Australia and South Korea.  The British Ftse is down 0.5%.  The German Dax and Paris Cac are little changed, in contrast. The dollar […] More