Archive for December 27th, 2011

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