Deeper Analysis
Japanese Data Show Weaker Output and Demand with Marginal Deflation
December 27, 2011
Industrial production sank 2.6% last month, over three times more than forecast. Output was 4.0% lower than a year earlier, and the inventory/shipments ratio dropped by 1.7%. As in September and October, METI officials said “industrial production appears to be flat. The jobless rate remained at 4.5% in November after a 0.4 percentage point increase […] More
New Overnight Developments Abroad - Daily Update
After the Christmas Break
December 27, 2011
A few markets remain shut for Boxing Day (Britain, Australia, Hong Kong and New Zealand), but most reopened. In thin volume, price movements have been limited. The dollar is down 0.3% against sterling, 0.2% against the yen and 0.1% versus the euro and Swissie. The greenback faired better against commodity-sensitive currencies, edging up 0.2% relative […] More
