German GDP

No Breakthrough at EU Summit on Greece

May 24, 2012

EU leaders in Brussels produced no fresh ideas on Greece.  Germany still is resisting euro bonds, yet uncertainty over the status of Greece and the risk of contagion is hurting Germany’s economy more discernibly. Stocks are higher in Europe, nonetheless.  The British Ftse, Paris Cac, and German Dax have so far rebounded by 1.2%, 1.0% […] More

G20 Finance Ministers and Central Bankers Meeting in Mexico City

February 24, 2012

It’s been a decent Friday.  In signs of a risk-on trading sentiment, share prices are higher.  Oil is up, and the yen and dollar is down.  Revised German and British GDP data provided few surprises.  An  important meeting of Group of 20 officials begins today. The dollar rose to as high as JPY 80.67, highest […] More

Even German GDP Contracted Last Quarter

January 11, 2012

The dollar has firmed overnight by 0.6% against the Swiss franc, 0.5% relative to the euro and sterling, 0.3% versus the Aussie dollar, 0.2% against the yen and 0.1% versus the loonie.  The kiwi and yuan are steady. Pacific Rim equities were mixed.  Share prices rose 0.9% in Australia, 1.9% in The Philippines, 1.0% in […] More

A Further Liftoff in German Bund Yields

November 24, 2011

The 2.21% yield on ten-year German bund yields is 32 basis points higher than its level a week ago, underscoring widespread concern the the European Monetary System is headed for a break-up over the inability of politicians and bureaucrats to resolve the system’s immense dysfunctionality. The United States is observing Thanksgiving today, but in Europe […] More

A Year to Remember in German GDP Growth

May 24, 2011

Real GDP in Germany advanced 1.5% in the first quarter, or 6.1% annualized, and it wasn’t even the strongest quarter in the past year.  GDP had climbed by 12.1% in 2Q10, or 8.7% annualized.  Adjusted for working day variations, GDP was 4.9% higher in 1Q11 than a year earlier and 7.3% greater than the level […] More

Euro Trading Back Above $1.4000 But Greek Problem Persists

May 24, 2011

The euro, which touched a low of $1.3969 on Monday, recovered to $1.4108, 0.4% stronger than Monday’s close.  The dollar is also down overnight by 1.0% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to the Swiss franc, 0.3% against the yen and sterling, and 0.1% versus the Chinese yuan. Stocks have stabilized […] More

Swissy and Yen Up on Oil Crisis

February 24, 2011

Political chaos in the Middle East has spawned an hysterical oil market, with Brent topping $119.70 at one point and West Texas Intermediate eclipsing $103 amid forecasts of a potential spike above $200 per barrel.  Reassurances from Saudi officials that 1 million barrels per day of Libyan production can be replenished by Saudi Arabia and […] More

ECB Supporting Portuguese Bonds Ahead of Auction

January 12, 2011

Equities advanced 2.9% in Indonesia, 1.8% in India, 1.5% in Hong Kong and 0.6% in China and Thailand overnight.  Japan’s Nikkei improved 0.3%, and the Paris Cac and German Dax have so far climbed 1.4% and 1.3%.  The British Ftse is 0.3% higher.  ECB buying of peripheral debt and verbal support from China and Japan […] More