Bonds and Stocks
The Elusive Nature of Confidence
April 28, 2009
I’m not prepared to say that April is really busting out all over? Sure, U.S. consumer confidence jumped to 39.2, about ten points higher than street forecasts. The 12-month drop in U.S. housing prices finally declined according to the Case-Shiller indices. In Britain, the CBI business group reported a swing in the distributive trades index […] More
Currency Markets in the News
German Inflation
April 28, 2009
German consumer prices rose marginally on a seasonally adjusted basis in April and by 0.7% from a year earlier. The 12-month advance was above March’s 0.5% but below February’s 1.0%. The April results were about as expected but clearly below the ECB’s definition of stable prices being synonymous with a 12-month increase of less than […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stress Tests and Swine Flu Spread Fear
April 28, 2009
The World Health Organization declared the swine flu epidemic uncontainable. The Wall Street Journal claims the government has asked Bank of America and Citigroup to raise more capital based on stress test results. Bank shares lead a decline in stock markets. The Nikkei fell 2.7%, and the German Dax, Paris Cac, and British Ftse are […] More
