OECD Outlook

Stronger Dollar and Stocks

November 28, 2017

Financial markets are in a healthy mood as November winds down. The dollar shows gains of a half percent or less against the euro, yen, Swissie, sterling, and Aussie dollar. The DOW is up 0.3%. Share prices have advanced 0.9% in the U.K., 0.6% in Spain, 0.5% in Switzerland and France, and 0.4% in Germany. […] More

Markets Less Fearful

June 7, 2017

The troubled Banco Popular in Spain is being acquired by Banco Santander, easing concerns about the banking system in Euroland’s fourth largest economy. Donald Trump announced the nomination of a former assistant attorney general from the Bush43 administration, Christopher Wray, to be FBI Director. The timing of this revelation one day before the highly awaited […] More

PMI Report Card and Other News

June 1, 2016

Today is the first day of June, a month that sees the ECB Governing Council meet tomorrow and both the FOMC and BOJ Board hold policy meetings at mid-month.  Markets only discount a one in four chance of Fed tightening this month but more than even odds for an interest rate increase by the July […] More

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