ZEW expectations index
More Brexit Confusion, Brighter Data, and an FOMC Meeting
March 19, 2019
The dollar stayed in neutral gear overnight, dipping 0.1% against the euro, sterling, and kiwi, holding flat relative to the yen, yuan and Swiss franc, and nudging up 0.1% vis-a-vis the Aussie dollar. Slightly bigger dollar dips occurred of 0.4% relative to the loonie and 0.2% versus the Mexican peso. Asian stock markets likewise didn’t […] More
Post-Election Market Moves Trimmed a Bit
November 15, 2016
Sovereign debt yields and the dollar eased this Tuesday, one week after the U.S. election. Oil and gold rebounded. Stocks are mixed. Euroland GDP, British consumer prices, and Reserve Bank of Australia minutes were released. The German ZEW Institute’s monthly index of investor sentiment reflected a drop after the U.S. election. One Fed official, Lacker, […] More
Concerns about Europe
February 16, 2016
European markets had rallied Monday, spurred by upbeat remarks from ECB President Draghi regarding the economic outlook and the readiness of central ban policymakers to act further to stimulate growth and boost inflation closer to target. But Tuesday saw a return of risk aversion related to concerns about the health of European banks and the […] More
Point of No Greek Return Moved to Friday
February 17, 2015
Neither Greek officials nor their creditors have budged. The creditors want an extension of the bailout under existing terms, while Greece wants a bridge loan with new terms. The Greek side walked out of today’s discussions, calling the other side’s proposal unacceptable and absurd. The creditors are giving Greece until Friday to reconsider. Otherwise, Greece […] More
Weak German and New Zealand Data and Confusion about Ukraine
August 12, 2014
The dollar advanced 0.3% against the euro and Swiss franc, buoyed by ZEW Institute data that revealed an 18.5-point plunge in investor expectations toward Germany to a reading of 8.6 in August, which is down from 61.7 last January, the lowest score since end-2012, and 18 points below the long-term average. The German ZEW index […] More
Less Concern about China and Europe –> Risk On
January 17, 2012
Chinese growth slowed less sharply than feared last quarter. December industrial production and retail sales also eclipsed expectations. The ZEW Institute released much better-than-forecast measures of investor sentiment toward Germany and the euro area. British and Euroland consumer price inflation slowed last month. Like other recent sovereign debt auctions in Europe, Spain’s sales of 1-year […] More
