French GDP
Awaiting Several U.S. Data Releases Today Before the Xmas Break
December 23, 2014
The U.S. data release calendar today encompasses the final estimate of 3Q GDP plus monthly personal income and spending, durable goods orders, new home prices, the FHFA house price index, the Richmond Fed manufacturing index, and the Reuters/U. Michigan consumer sentiment index. Weekly chain store sales also get reported. In the meantime, the release of […] More
Risk Aversion is Back
September 23, 2014
Share prices in the Pacific Rim fell 1.6% in India, 0.6% in Indonesia and 0.5% in Taiwan and South Korea. Japan was closed for the Autumnal Equinox holiday. Downward equity momentum has picked up in Europe, with losses so far of 1.6% in France, 1.3% in Great Britain, 1.1% in Germany, Italy and Spain, and […] More
Confidence in Europe Hurt by Cyprus Situation
March 27, 2013
Cypriot banks will reopen tomorrow with capital controls. Uninsured large depositors have taken a big hit. The euro sank as low as $1.2787, its weakest dollar value since November 21, 2012. There is fear of contagion in Europe. While stocks in the Pacific Rim closed mostly higher, European equities are down 1.7% in Spain, 1.2% […] More
Lots of Released Data on Final Business Day of the Quarter
September 28, 2012
Share prices rose in the Pacific Rim but are mostly lower in Europe. Investors are again focused on Spain, where the 2013 budget was unveiled yesterday and bank stress test results are due today. The fiscal deficit is projected at 4.5% of GDP, down from 6.3% in 2012. Italian Prime Minister Monti opposes new conditions […] More
Some Soft European Data Released
March 28, 2012
The dollar is narrowly mixed this Wednesday, with overnight declines of 0.3% against the yen and 0.2% versus the euro and Swiss franc offset by gains of 0.4% relative to the Australian dollar, 0.2% versus the kiwi and sterling and 0.1% against the loonie. The yuan is unchanged. Share prices slumped 2.8% in China. Elsewhere […] More
