Archive for August 12th, 2014

Deeper Analysis

Sales Tax Hike Causes Greatest Japanese GDP Contraction Since Sendai Earthquake

August 12, 2014

A 6.8% crash in real GDP last quarter reversed a 6.1% annualized jump in the first quarter of 2014, leaving the level of GDP this spring 0.1% less than in 2Q13 and just 1.1% above its level in the second quarter of 2012. Household spending, business spending, imports and residential construction were hammered by the […] More

New Overnight Developments Abroad - Daily Update

Weak German and New Zealand Data and Confusion about Ukraine

August 12, 2014

The dollar advanced 0.3% against the euro and Swiss franc, buoyed by ZEW Institute data that revealed an 18.5-point plunge in investor expectations toward Germany to a reading of 8.6 in August, which is down from 61.7 last January, the lowest score since end-2012, and 18 points below the long-term average. ┬áThe German ZEW index […] More