Chinese trade

Concern about Italy

December 10, 2012

Italy took a step closer to winter elections.  The highly respected Prime Minister Monti will resign after the 2013 budget is approved, and he is not expected to get reelected.  That will put the likelihood of Italy fulfilling its austerity promises in jeopardy. Share prices in Italy have tumbled 3.2% today, dragging down other European […] More

A Better Market Tone than Last Week

October 15, 2012

In Europe, share prices have advanced by 1.4% in France, 1.1% in Italy, 0.8% in Germany, 0.6% in Spain, and 0.5% in Britain.  Japan’s Nikkei closed up 0.5%, and equities also rose 0.5% in New Zealand.  Declines of 0.4% were posted in China and South Korea, however. The dollar has recovered 0.4% against the yen […] More

Dollar Steady Despite Lots of New Information

May 10, 2012

The dollar shows no overnight change against the yen, euro, and Swiss franc.  The greenback lost 0.5% against the Aussie dollar, 0.3% relative to the kiwi, and 0.1% versus the loonie and sterling.  The Chinese yuan dipped 0.1% following a weak export and import data. Share prices in Europe are down 0.7% in Paris and […] More

Focus Shifts to China

March 12, 2012

Now that aid to Greece from the EU/ECB/IMF seems assured, attention has fixed on the extent of a slowdown in China. China’s government reduced its growth forecast to 7.5%.  The projection for several years had been 8%, but actual GDP growth perennially surpassed that yardstick. Data last week showed lower-than-expected Chinese CPI and PPI inflation. […] More

Focus on China, Japan, and European Banks

September 10, 2010

China’s yuan advanced another 0.2%; its 0.5% gain against the dollar this week was the largest since the first week of Beijing’s more flexible policy was announced in mid-June. Trade figures released in Beijing today showed a smaller-than-forecast $20.03 billion surplus in August.  July’s $28.73 billion surplus had been the widest since January 2009.  August […] More