Archive for May 24th, 2011

Deeper Analysis

A Year to Remember in German GDP Growth

May 24, 2011

Real GDP in Germany advanced 1.5% in the first quarter, or 6.1% annualized, and it wasn’t even the strongest quarter in the past year.  GDP had climbed by 12.1% in 2Q10, or 8.7% annualized.  Adjusted for working day variations, GDP was 4.9% higher in 1Q11 than a year earlier and 7.3% greater than the level […] More

New Overnight Developments Abroad - Daily Update

Euro Trading Back Above $1.4000 But Greek Problem Persists

May 24, 2011

The euro, which touched a low of $1.3969 on Monday, recovered to $1.4108, 0.4% stronger than Monday’s close.  The dollar is also down overnight by 1.0% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to the Swiss franc, 0.3% against the yen and sterling, and 0.1% versus the Chinese yuan. Stocks have stabilized […] More