German GDP

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

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