eurozone economic sentiment
A Lot to Ponder in Spite of U.S. and British Holiday Closures
May 30, 2016
U.S. markets will be closed for Memorial Day, the unofficial start of summertime currency trading. London markets are shut, too, for the late May Bank holiday. At the summit of G7 leaders held in Japan, a mixed agreement was reached not to engage in competitive devaluation but also protesting excessive exchange rate volatility. Japan’s prime […] More
Grim News Keeps Piling On
January 28, 2016
The Chinese Shanghai Composite Stock index slumped another 2.9% overnight. Markets reacted adversely to the FOMC statement, which did not explicitly back away from December’s message that the fed funds rate is likely to climb a full percentage point in 2016 but indicated that risks are more skewed to the downside now than before. Economic […] More
Lots of Data and Another Drop in China’s Stockmarket
July 30, 2015
The dollar rose overnight by 1.0% against the kiwi, 0.4% versus the yen, Swissie and Australian dollar, and 0.2% relative to the loonie, euro and sterling. The yuan continues to be held steady, but Chinese stocks slumped 2-3%. in other Pacific Basin markets, equities dropped 1.1% in Singapore, 0.9% in South Korea and 0.6% in […] More
