Ezone GDP

A Valentine’s Day Full of Data and Other Developments

February 14, 2017

Market Movement: The dollar is higher against sterling but lower against the euro, Swissie, yen, and commodity-sensitive currencies. Oil and gold climbed 1.3% and 0.7% overnight. 10-year German bund and Japanese JGB yields rose a basis point, while the 10-year Treasury and British gilt slid a basis point. Japan’s Nikkei slumped 1.1%. Central Bank News: […] More

Plenty of Disappointment to Go Around

July 29, 2016

Second quarter U.S. GDP growth of 1.2% was only about half as much as forecast, due mainly to a big drag from inventories. Canadian GDP sank 0.6% in May as industrial production there plunged 3.7% on month. The Bank of Japan produced less stimulus than hoped, limiting its action to an increase of EFT buying […] More

Significant Day for Data Releases

December 4, 2013

The dollar climbed against commodity-sensitive currencies, gaining 1.2% against the Aussie dollar, 0.5% versus the kiwi and 0.1% relative to the loonie. Opec oil ministers meeting in Vienna hope to leave production quotas unchanged in an effort to keep price stable and near $100 per barrel.  WTI oil advanced 1.3% overnight to $97.25 per barrel.  […] More

A Mixed Bag of GDP Figures and Leaked Yellen Testimony

November 14, 2013

Japanese GDP expanded 1.9% at an annualized rate between 2Q and 3Q, down from 3.8% in the second quarter but a shade stronger than expected.  The GDP price deflator was 0.3% lower than a year earlier.  On-year GDP growth more than doubled to 2.7%.  Among components of demand, consumption rose 0.4%, nonresidential investment climbed 0.7%, […] More

Further Market Anxiety from Syria and as FOMC Meeting Nears

September 4, 2013

Several stock markets posted large overnight losses.  In the Pacific Rim, equites fell 2.2% in Indonesia, 1.0% in the Philippines, 1.3% in Singapore and 0.7% in Australia.  Hong Kong, China and Taiwan dipped 0.3%, 0.2% and 0.1%, while a 1.8% advance of India’s Sensex and a 0.5% rise in Japan’s Nikkei proved exceptions to the […] More

Positive GDP Growth Reported in the Euro Area

August 14, 2013

Markets barely reacted to the news that Euroland as a whole returned to positive growth last quarter.  The 0.3% non-annualized increase from 1Q exceeded analyst expectations and trimmed the four-quarter rate of GDP decline to 0.7% from 1.1% in 1Q.  Italy, Spain, Cyprus and the Netherlands were among the countries that saw GDP contract further, […] More

Stocks in Asia and Europe Follow U.S. Rally

March 6, 2013

The Dow Jones Industrials closed at an all-time high on Tuesday of 14,254.  In the Pacific Rim, equities closed up 2.1% in Japan, 1.8% in the Philippines, 1.5% in Indonesia, 1.0% in Hong Kong and China, 0.8% in Australia, and 0.7% in New Zealand.  The German Dax leads European markets with a gain so far […] More

Weaker-than-Projected Ezone GDP Depresses Euro and European Equities

February 14, 2013

The dollar has risen 0.9% against the euro and 0.6% versus the Swiss franc.  The U.S. currency otherwise is up 0.2% relative to sterling and 0.1% against the loonie and Aussie dollar but down 0.3% against the yen and 0.5% versus the kiwi.  The yuan is steady, showing no reaction to confirmation remarks by Jacob […] More