Euroland CPI and construction output
Mideast Strains Escalate But Also An Upside Surprise from Chinese Data
October 18, 2023
Diplomat efforts to prevent a broadening war in the Middle East took a big hit from the missile strike on a hospital in Gaza that took hundreds of Palestinian lives. Like the Reichstag fire in February 1933 that cemented Hitler’s dictatorship, there have been mixed accusations regarding the perpetrators, and their full identity may never […] More
Superdollar Rises Again but This Week’s Bear Market Rally in Stocks Appears Out of Steam
October 19, 2022
The dollar climbed overnight by 0.9% against the euro and Swiss franc, 0.8% relative to sterling, 0.5% versus the Australian dollar, and 0.4% vis-a-vis the offshore Chinese yuan and the Canadian and New Zealand dollars. The weighted DXY dollar index is 0.8% higher. Treasury-compiled capital flow data reported late Tuesday revealed that a net $275.6 […] More
Stock Markets Drop in Wake of Week’s Spotlight on Central Banks and World Inflation
December 17, 2021
Other factors weighing on investor appetite for riskier assets include Omicron, whose true threat to public health and economic growth remains uncertain, and congressional paralysis over President Biden’s Build Back Better Bill. Two more central banks hiked their interest rates. The Bank of Mexico‘s increase late Thursday of 50 basis points to 5.5% reflected a […] More
Lessening Inflation in Europe and Some Significant Meetings
April 18, 2018
Japanese Prime Minister Abe and President Trump are meeting in Florida. CIA Director Pompeo, who has been nominated by Trump to be Secretary of State, met secretly with North Korean President Kim Jong-Un, to decide arrangements for Kim’s historical talks next month with Trump. Investors perceive lessening geopolitical tension. British CPI inflation in March fell […] More
