German GDP and IFO business climate index
Soft European Activity, A Holiday in Japan, and a Kazakhstani Central Bank Rate Cut
February 23, 2024
The dollar is marginally weaker this morning, with overnight dips of 0.3% against the Aussie dollar, 0.2% versus the Mexican peso and sterling, and 0.1% vis-a-vis the euro and Canadian dollar. Dollar/yen is steady with the Tokyo market shut in observance of the Emperor’s Birthday holiday. Ten-year sovereign debt yields have declined today by six […] More
Pessimistic Mood in the Marketplace
May 23, 2019
A protracted U.S.-Sino trade war looks increasingly unavoidable. No light can be seen at the end of the Brexit tunnel, and paralyzing tensions between the Trump White House and Congressional Democrats keep intensifying. Although a preliminary estimate that German GDP accelerated to 0.4% last quarter, the May IFO Institute index of Germany’s business climate produced […] More
