U.S. retail sales

Many Central Banks Are Heard From

December 11, 2014

Even before the highly awaited U.S. retail sales report, several central bank policy announcements held the market’s attention. The Reserve Bank of New Zealand kept its official cash rate at 3.5%.  Although inflation is currently modest, it is expected to approach 2% later in the forecast period, and that will likely necessitate a further increase […] More

Several Instances of Weak Data Released Today

August 13, 2014

Japanese real GDP fell 6.8% annualized in the second quarter. ┬áThe decline reversed the first-quarter gain but was not quite as much as analysts had feared. ┬áBecause of a 20.5% dive in imports, net exports enhanced the growth rate by 4.4 percentage points, and involuntary inventory building accounted for another 3.9 percentage points of growth. […] More

Kiwi Jumps Over 1% After New Zealand Official Cash Rate Hike

June 12, 2014

The New Zealand dollar advanced 1.4% net against its U.S. counterpart and got as strong as USD 0.8690 following the Reserve Bank of New Zealand’s scheduled monetary policy meeting.  While a third 25-basis point tightening since March had been anticipated, investors reacted most to the accompanying guidance that points to greater-than-assumed further tightening in the […] More

Waiting for ….

March 13, 2013

Investors await U.S. retail sales figures and several central bank policy decisions.  Meanwhile, stocks and sovereign debt yields are lower, and the dollar has been generally stable. U.S. import prices, retail sales and business inventories data arrive today. Central bank policy decisions are due Thursday in New Zealand, Switzerland, Norway, Chile, the Philippines, and South […] More

Europe Blamed for World’s Woes

June 13, 2012

Share prices have fallen 0.9% in Germany and France.  The DJIA opened on a modestly negative note.  Stocks rose 0.6% in Japan, 1.6% in China, 0.8% in Hong Kong, and 0.7% in the Philippines but fell by 1.3% in New Zealand, 0.4% in Thailand, and 0.2% in Australia. Industrial production in the euro area sank […] More