German business climate index

Nine-Week High in Trade-Weighted Dollar Despite Adverse U.S. News

September 24, 2020

The dollar rose overnight to a nine-week trade-weighted high of 94.55. The U.S. currency touched a three-month high of NOK 9.5974 against the Norwegian krone, two-month highs of 1.1633 per euro and CHF 0.9269, and 1-month highs of $0.6516 against the New Zealand dollar and ZAR 17.2230 versus the South African rand. Gold, which tends […] More

Some Encouraging U.S.-Sino Trade News Fans Investor Sentiment Further

August 25, 2020

Equity markets had rallied strongly on Monday and then received a further lift overnight from the news that U.S. and Chinese trade negotiators reported progress and reaffirmed that the Phase I trade deal remains effective. In other overnight developments, The Republican Party National Convention kicked off with loads of fear-mongering directed at the Democratic Party […] More

Dollar Falters Further and Price of Gold Blows Past its Historic High

July 27, 2020

The dollar weakened to a 22-month trade-weighted low overnight, with losses of 1.0% against the Swiss franc, 0.7% relative to sterling and the euro, 0.8% versus the peso, 0.6% vis-a-vis the yen, kiwi and Australian dollar, and 0.3% against the loonie. The Covid pandemic intensified over the weekend both globally and in the United States, […] More

Holiday Closures Hit Pause Button

May 25, 2020

Markets on Monday lacked direction due to holiday observances in the United States for Memorial Day, Great Britain for its late Spring bank holiday, and many Islamic countries where Ramadan’s end is being celebrated. The dollar is unchanged from Friday’s close against the euro, Swiss franc, loonie and kiwi, while changes versus the yen, sterling, […] More

U.S. Fiscal Deal Gives Stocks Only Brief Lift

March 25, 2020

Today will be a very important day to watch U.S. stocks. There has yet to be two consecutive up sessions since the market peaked in mid-February. The big overnight news was a tentative accord between President Trump and the U.S. senate on a $2 trillion fiscal stimulus, which moves next to a full-senate vote today. […] More

Bracing for Impact But Investors Take a Pause

March 19, 2020

The count of identified global coronavirus infections (230,041) and deaths (9,386) has risen by 26,429 and 1,097 in the past 26 hours. Investors are getting a glimpse of just how bad the economic impact could be. The IFO Institute’s monthly index of Germany’s business climate fell 8.3 points in March to a 127-month low of […] More

Three Shocks to Investor Sentiment

January 27, 2020

It’s been a difficult day in the marketplace despite the closure of many markets including China, Australia, Hong Kong, Singapore, South Korea and Taiwan for Australia Day and the Chinese New Year. The safety of investments has displaced the usual priority of return on investment. The dollar advanced overnight by 0.7-0.8% against a number of […] More

Share Prices Strengthened on China Trade Concession and Favorable Corporate News

November 25, 2019

It’s been a risk-on start to this holiday-shortened week. Share prices rose 1.5% in Hong Kong, 1.3% in India, 1.0% in South Korea, 0.8% in Japan and 0.7% in China. European markets so far show gains of 0.4-0.6% in Germany, France, Italy, Spain and Switzeraland as well as a 0.8% jump in the British Ftse. […] More

Difficult Day in the U.K.

September 24, 2019

The Brexit crisis deepened today as the highest British court ruled unanimously that Prime Minister Johnson’s suspension of parliament was illegal. Just 37 days remain before the current October 31 deadline by which a Brexit deal must be worked out by the Johnson’s government, which at the moment appears highly improbable. On the data front, […] More

ECB and Turkish Monetary Officials Send Dovish Signals

July 25, 2019

The European Central Bank Governing Council left policy settings unchanged but signaled likelihood of a multi-pronged stimulus after September’s fuller review. A zero percent refi rate has been flanked by a negative 0.40% deposit rate and a 0.25% marginal lending facility rate since cuts made in September 2016. The ECB leadership is in transition; IMF […] More

css.php