Eurozone CPI

Upbeat Chinese and U.S. Data Overshadow the Terrorist Attack in Nice

July 15, 2016

Chinese GDP, retail sales, and industrial production exceeded analyst expectations and suggest that economy’s slowdown is leveling off. Real GDP growth accelerated to a quarter-on-quarter increase of 1.8% in the second quarter, keeping on-year growth steady at 6.7% instead of slowing further as analysts were expecting. Industrial production posted a 6.2% on-year advance in June […] More

Deluge of Politics and Economics at Midyear

June 30, 2016

Today’s Brexit bombshell is that the Leave movement’s leader, Boris Johnson, pulled out of the running to be Britain’s next prime minister and the person to decide when to invoke Article 50 of the Lisbon Treaty, which guides the unprecedented countdown for exiting the European Union. ┬áJohnson’s decision presumably will further delay what happens from […] More

Market Focus on Soft Global Economy

March 31, 2016

A little past noon in New York finds the dollar with scant change against the yen, sterling, and the Canadian and Aussie dollars, but the U.S. currency has slipped about a half percent vis-a-vis the euro and Swiss franc. European stocks are down.  North American Share prices are little changed.  Japan’s Nikkei fell 0.7%. The […] More

Chinese Central Bank Reserve Requirement Cut on Leap Year Day

February 29, 2016

The People’s Bank of China lopped another 50 basis points off its deposit reserve requirement ratio to 17.0%.  Five reductions in 2015 had reduced such to 17.5% from 20.0%, but the fifth of these was done five months ago in late October.  This kind of stimulus risks exposing the yuan to greater selling pressure. The […] More

Some Market Relief after Chinese Data Announced

January 19, 2016

The eagerly awaited Chinese economic data confirmed slower growth late in 2015 but not as much so as feared.  Chinese data are notoriously distrusted, so one has to wonder how long today’s rally will last. The dollar fell 1.1% against the Australian dollar, 0.7% versus the loonie, 0.2% relative to the kiwi and sterling and […] More

Euro Weakens and Equities Remain on Tenterhooks

January 5, 2016

The euro weakened overnight by 0.8% against the dollar and 1.2% relative to the yen.  The U.S. currency has otherwise appreciated 0.7% versus the Swiss franc, 0.5% vis-a-vis the kiwi and 0.3% against the Aussie dollar and sterling, but it shows a 0.3% relative to the yuan and no change against the loonie. Stocks in […] More

China Stocks Up, OECD Growth Forecasts Revised, and U.S. and Eurozone CPI Data Released

September 16, 2015

A 5% jump in China’s stock market led equities higher overnight, with other gains amounting to 2.3% in Hong Kong, 2.0% in South Korea, 1.6% in Australia, 1.0% in India, 0.8% in Japan, 0.9% in Taiwan, and so far 1.5% in Spain, 1.0% in Italy, 2.1% in Greece, 0.7% in Germany, 0.8% in Switzerland, and […] More

Draghi, Yellen and Greece in the News

July 16, 2015

Not much data were released in Asia and Europe today. ECB President Draghi’s press conference at 12:30 GMT will be dominated by questions about Greece.  As expected, ECB interest rates were left unchanged by the Governing Council.  The refinancing rate, deposit rate, and marginal lending rate stay at 0.05%, -0.20%, and 0.30%. With violent protests […] More

Bond Yields, Stocks, and Dollar Higher

May 19, 2015

The dollar strengthened 1.4% against the euro, 1.0% versus the Swiss franc, 0.8% relative to sterling, 0.6% vis-a-vis the Canadian and Australian dollars and 0.2% versus the kiwi. ┬áThe yuan held steady. Ten-year Treasury and British gilt yields are four and three basis points firmer. Equities in the Pacific Rim rise by 3.4% in China, […] More

Euro Rose on the First Business Day of March

March 2, 2015

The dollar kicked off a new month with gains of 0.5% against the kiwi, 0.4% relative to the Australian dollar, 0.3% against sterling, 0.2% versus the yuan, loonie and Swiss franc, and 0.1% vis-a-vis the yen but loss of 0.3% against the euro. The 12-month rate of consumer price decline in the eurozone was halved […] More

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