Euro area PPI

Grim EU Economic Outlook in the Spotlight

November 4, 2014

The EU Autumn economic outlook was released, revising projected real growth for the euro area  in 2014 down 0.4 percentage points to 0.8% and projected 2015 growth down 0.6 percentage points to 1.1%.  Previously, GDP decelerated from 2.5% per annum in 1995-99 to a 1.9% pace in 2000-04 and 0.7% per annum in 2005-09, and […] More

Fresh Doubts about How Soon the Fed Will Raise Interest Rates

October 2, 2014

The European Central Bank holds its monthly policy meeting today.  Investors are not expecting significant new stimulus but remain guarded about that possibility.  Confidence over the past month has waned in the likely effectiveness of plans to buy asset-backed securities.  Euroland CPI inflation dipped further in September to 0.3% overall and 0.7% on core items.  […] More

Australian Dollar Softens on Plunge in Exports to China

July 2, 2014

The U.S. currency climbed 0.4% against the Australian dollar but is otherwise hardly changed overnight. Australian exports dropped 4.6% in May, thanks to a 12% plunge in shipments to China.  Aussie imports were 0.6% lower on month, and the trade deficit of 1.9 Aussie dollars was the largest shortfall since November 2012.  April had experienced […] More

Investors Less Risk Averse Than on Monday

March 4, 2014

Russia’s military exercise has ended, but about 16,000 of its troops remain in Crimea.  Stock markets that were hard hit yesterday have rallied on hope that the Ukraine conflict won’t degenerate further and that war with Russia can be avoided. In Europe, equities have risen 2.6% in Italy, 2.3% in Germany, 2.5% in France, 1.8% […] More

Easter Week Continues

April 3, 2012

The Easter holidays later this week are the second biggest interruption of currency trading in the calendar year.  Before that time is upon us, however, there will be some central bank policy events, PMI data, and U.S. labor market figures for investors to digest. Overnight, the dollar rose 0.5% against the Australian dollar.  The Reserve […] More