German business climate index

Last Week’s Stock Market Euphoria Dissipates

September 24, 2018

Equities dropped 2.0% in Hong Kong, 1.8% in India, 1.3% in Indonesia and 0.5% in New Zealand. Losses in European markets so far amount to 1.2% in Greece, 0.6% in Italy, 0.5% in Spain, 0.3% in Germany, 0.2% in France and Switzerland, and 0.1% in Great Britain. The more sour mood reflects China’s refusal to […] More

Dollar Up against Turkish Lira but Down Versus Mexican Peso

August 27, 2018

There’s been little net movement of the dollar against the euro (+0.1) or yen (-0.1%), loonie (+0.1%), or Aussie and New Zealand dollars (0.2). Sterling and the Swiss franc are each unchanged from closing levels before the weekend. Gold and oil are 0.3% and 0.4% softer. The 10-year German bund yield edged up a basis […] More

Dollar and Stocks Lower amid Some Softer European Data

February 22, 2018

The dollar dropped overnight by 0.5% against the yen, 0.3% relative to the peso and 0.1% vis-a-vis the Swiss franc, kiwi and Aussie dollar. The dollar firmed 0.2% relative to sterling and 0.1% versus the euro and is unchanged against the loonie. China reopened following the extended Lunar New Year holiday celebration. The yuan rose […] More

Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market

October 25, 2017

Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More

Stocks Up, and Peso Recovery Extended

June 26, 2017

Equities began the final week of the second quarter mostly on a rising note, with gains of 1.3% in Taiwan, 0.9% in China and Hong Kong, 0.6% in New Zealand, 0.4% in South Korea and 0.1% in Japan and Australia. Several markets were shut for the end of Ramadan. Share prices in Europe have advanced […] More

Stocks Fall and Dollar Rally Pauses

August 25, 2016

Today’s shocker came from the German IFO Institute’s monthly business climate index, which dived 2.1 points in August to a 6-month low of 106.2. Current conditions (down 2.0 points to a 7-month low) and business expectations (off 2.0 points to a 6-month trough) shared equally in this considerably weaker than expected outcome. Several data reports […] More

British Referendum Wreaks Havoc in Global Markets

June 24, 2016

British voters chose to leave the European Union by a margin of 51.9% to 48.1. ¬†Extensive coverage provided in Deeper Analysis. British Prime Minister Cameron, who campaigned to remain in the EU, resigned and will step down in the fall. The pound swung adversely against the dollar by as much as 11.9%, most ever, dropping […] More

Several Pieces of Good News

May 25, 2016

Yesterday’s strong performance in North American equities carried over into Pacific Rim and European markets today.  Japan’s Nikkei closed 1.6% higher.  Shares also climbed 2.7% in Hong Kong, 2.3% in India, 1.5% in Australia, 1.3% in Indonesia, 1.2% in South Korea and Taiwan and 0.7% in New Zealand.  The Shanghai composite index dipped 0.2%, however, […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 8.0% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil

January 25, 2016

The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 0.8% drop in exports.  From November to December, exports dived 3.8%, and imports plunged 4.0%.  The trade balance was in surplus by […] More

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