German retail sales

Reminders that Covid’s Negative Effect on Economic Activity Isn’t Going Away Quickly

March 2, 2021

Yesterday was a good day from a data release point of view, and equities rallied around the world. Today’s news has been more sobering. German retail sales, which had tumbled 9.1% in December but been forecast to be fairly flat in January, instead took a further 4.5% dive and recorded an even greater year-on-year slide […] More

Big Stakes in Today’s Georgian Senate Votes: Investors Await Outcome

January 5, 2021

Polls close at 19:00 EST (midnight GMT) in Georgia where both senate seats are being contested today in runoff elections. Democrats need to win each seat in order to control the senate and oust Mitch McConnell as the upper chamber’s gatekeeper to all legislation. The outcome is uncertain and awaited by investors. Stock markets, where […] More

U.K./EU Trade Talks and U.S. Fiscal Stimulus Negotiations Getting Late

December 2, 2020

Time is fast running out for post-Brexit trade talks between the European Union and British government and for U.S. congressional fiscal stimulus negotiations. Both of these remain bogged down, and failure to compromise would have adverse short-term economic implications. Investors are becoming more uneasy. Sterling dropped 0.9% against the dollar overnight, and U.S. and European […] More

Equities Still Well Bid for the Most Part

September 2, 2020

Fed Governor Brainard’s call for more fiscal and monetary stimulus encouraged the risk appetite of investors overnight especially in European trading. Ten-year German bund and British gilt yields fell by 3 basis points each, and stock markets have risen by 2.3% in France and Germany, 2.2% in Italy, 1.7% in Switzerland, and 1.6% in Great […] More

Stock Markets Open Third Quarter on a Downbeat Despite Higher Factory PMI Readings

July 1, 2020

Share prices fell 0.8% in Japan and show daily losses so far of about 1.5% in Germany, France, Italy and Spain. The British Ftse is 1.1% weaker, and U.S. futures point to a drop at the open. Euroland’s June purchasing managers index printed at a 4-month high of 47.4, which is half a point above […] More

Market Strains in Spite of Some Better-than-Feared Economic Data

April 1, 2020

The second quarter and Japan’s new fiscal year began on a difficult note for world financial markets. The Japanese Nikkei slumped 4.5%, while markets in India, South Korea, Hong Kong, Indonesia, and Singapore closed down 4.1%, 3.9%, 2.2%, 1.6% and 1.4%. The German Dax and Paris Cac are currently each 4.1%, while share price losses […] More

More Evidence of a Global Slowdown

July 2, 2019

The dollar fell 0.4% against the Australian currency and 0.3% vis-a-vis the Japanese yen but is little changed otherwise. Equity markets in the pacific Rim slid 0.4% in South Korea and 0.3% in Taiwan but advanced 1.1% in China. In Europe, the British Ftse is up 0.5%, but the German Dax is unchanged. The U.S. […] More

Investors Watching G20 Summit and Examining Today’s Load of Data

November 30, 2018

The dollar rose 0.7% against the euro overnight but just 0.1% relative to the yen and sterling. Stocks dropped 1.6% in Australia and 0.8% in Indonesia and South Korea but climbed 0.8% in China, 0.5% in Hong Kong and 0.4% in Japan. Share prices in Europe are down 1.0% in the U.K. and 0.3% in […] More

Fourth Quarter Opens with Japanese Tankan Survey and a Slew of Manufacturing PMI Surveys

October 1, 2018

China will be closed all week, commemorating the communist revolution of 1949. Hong Kong’s market was similarly shut, and so was Australia’s due to Labour Day and the Queen’s Birthday observance there. A three-country Nafta remake including Canada as well as Mexico was fashioned at the last minute. Changes from the original deal were less […] More

Volatile Market Session on Final Business Day of the Quarter and Amid Many Data Reports

June 29, 2018

Share prices climbed 2.8% in Hong Kong, 2.3% in Indonesia, 2.2% in China, 1.7% in Taiwan, but just 0.2% in Japan. In Europe, equities have risen 1.3% in Germany and France, 1.6% in Switzerland, 1.0% in Italy and 0.6% in the U.K.. The DOW shows a gain of slightly over 1.0% so far today. Another […] More

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