euro area construction output

Risk Aversion Fueled by This Week’s FOMC Meeting and Hawkish Remarks from ECB Officials

September 19, 2022

The rout in equities retains plenty of momentum today even though Japan and Great Britain are respectively closed in observance of Respect for the Aged Day and Queen Elizabeth’s state funeral. Share prices closed down 1.4%, 1.1%, 1.0% and 0.9% in China, South Korea, Hong Kong and Taiwan, and losses have occurred thus far in […] More

Spotlight on Several Central Banks

June 18, 2014

Currency markets have been generally quiet ahead of the Federal Reserve policy decision.  A further measured scale-back of quantitative easing is expected but not a change in the federal funds target.  A statement and newly released macroeconomic forecasts arrive at 14:00 EDT (18:00 GMT) followed by Janet Yellen’s press conference at 14:30 EDT.  Ironically, Chairwoman […] More

Week Starts with More Sobering News about the Chinese Property Market

May 19, 2014

Chinese property prices rose 6.7% on year in April, down a whole percentage point from March and the smallest 12-month gain since May 2013.  Only 44 of 70 metro areas experienced higher prices in April than March, the fewest 3-1/2 years.  Overall house prices increased 0.3% on month. The dollar edged up 0.1% against the […] More