Euroland CPI inflation
Uncertainty Reigns Yet Little Has Changed
April 16, 2026
The Middle East’s future evolution remains unclear. Both sides want to avoid a resumption of the fight but still can’t find mutually acceptable terms for an extended peace. Equally uncertain is the economic repercussions of the war, which will be felt in most countries but in asymmetric ways. Barring a fresh turn for the worse, […] More
Little Doubt that ECB Will Be Cutting its Interest Rate Today. Also Awaiting Turkish Central Bank Decision and Several U.S. Data Releases
October 17, 2024
Consumer price inflation in the euro area last month was just revised downward by a tenth of a percentage point to a 41-month low of 1.7%. That’s below target and down from the October 2022 peak of 10.6%. Between June and September, consumer prices were unchanged on balance. With today’s revision, service sector revision has […] More
Ahead of Biden Inaugural, Equities and Commodity Prices Are Up, while Dollar Is Softer
January 20, 2021
Overnight dollar losses amount to 0.6% against sterling, 0.5% relative to the Australian dollar, 0.4% vis-a-vis the yuan, 0.3% versus the loonie and kiwi, and 0.2% against the euro and peso. The Swiss franc is steady, and the yen has edged 0.1% lower against the greenback. The trade-weighted DXY dollar index is somewhat above 90.5. […] More
Month-End Flood of Data Paints May 2020 as Anything But Merry
May 29, 2020
During May, roughly 2.69 new cases of Covid-19 were identified worldwide, and over 133,000 died from the disease. The U.S. share of the total 362,829 identified deaths related to the pandemic remains at 28.5% even though the United States has just 4.3% of the world’s population. The racial protests in Minneapolis have spread to other […] More
Japanese Central Bank Drops a Bombshell of a Surprise
January 29, 2016
The Bank of Japan adopted a negative interest rate after repeated officials comments from central bank officials earlier that they weren’t contemplating such. In response, Japanese share prices advanced 2.8% and the yen has fallen 2.2% against the dollar and 0.9% relative to the euro. The 10-year Japanese JGB yield declined 12 basis point to […] More
Lots of Monthend Data and a Likely U.S. Government Shutdown Tomorrow
September 30, 2013
Stocks were whacked overnight in Asia and Europe on prospects for a shutdown of the U.S. federal government. Share prices plunged 3.0% in the Philippines, 2.4% in Indonesia, 2.1% in Japan, 1.8% in India, 1.7% in Australia, 1.5% in Hong Kong, 1.3% in Singapore, and 1.0% in New Zealand. Losses thus far in Europe amount […] More
