Japanese manufacturing PMI
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
A Focus on Geopolitical Risk
May 7, 2019
U.S.-Sino trade talks are entering the final make-or-break stage. The Chinese delegation is coming to America, but the outcome of this final round of negotiations is much in doubt. Meanwhile, Secretary of State Pompeo abruptly canceled a trip to Germany, citing unspecified pressing matters. This mysterious cancelation raises the possibility of a major event risk […] More
European Equities Helped by Softer Euro
October 24, 2018
European equities have partly recovered today in spite of disappointing Euroland, German and French preliminary purchasing manager survey findings for October. One support for European share prices may be the strengthening dollar, which is trading 0.6% higher against the euro and sterling as well as 0.3% up on the Swiss franc. President Trump expressed some […] More
Fresh Cause for Investor Gloom
May 30, 2012
A press report from China dampened expectations of macroeconomic stimulus. The ECB turned down the Spanish government’s request for help bailing out Bankia. Italian sovereign debt auctions today produced only so-so results. Facebook’s share price fell further in after-hours trading to less than $28.50. Australian retail sales dropped to an 11-month low. Euroland’s economic sentiment […] More
