Archive for August 30th, 2011

Deeper Analysis

Worried Households in the United States, Europe and Japan

August 30, 2011

The Conference Board index of U.S. consumer confidence plunged 14.7 points in August to a reading of 44.5.  It’s average score was 61.6 in the second quarter and 66.3 in the first quarter.  Even those levels were quite weak compared to pre-recession norms.  The last reading as low as 44.5 occurred in April 2009 when […] More

New Overnight Developments Abroad - Daily Update

Digesting End-August Data

August 30, 2011

European currencies were depressed by weak end-month regional data.  The dollar has gained 0.8% against the euro, 0.7% relative to the Swissie, and 0.5% against sterling.  The dollar otherwise edged up 0.1% against the Australian and Canadian dollars but fell 0.4% against the kiwi and 0.1% against the yen.  The yuan is steady.  Stocks advanced […] More