Euroland economic sentiment

Spotlight Shining on Oil Prices

September 28, 2023

Oil inventory data on Wednesday sent the price of West Texas Intermediate up to a 14-month high of $95.03 per barrel overnight, but the price subsequently settled back and is currently 0.5% below yesterday’s close. Investors or on tenterhooks to see where the oil price heads next. An additional concern, which has buttressed sovereign debt […] More

Many Data to Absorb Plus Bank of Japan Finally Modifies Yield Curve Control Parameters

July 28, 2023

At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […] More

Almost Solid Front of Hawkish Central Bank Policies With a Mounting Focus on Squelching Wage Pressure and Service Sector Prices

June 29, 2023

The leaders of the Federal Reserve, Bank of England, European Central Bank and Bank of Japan participated in a panel discussion yesterday. Powell, Bailey, and Lagarde attempted to outdo each other in displaying their commitment to lowering inflation. Whatever the cost in the short run, each insisted the long-term costs would be even greater if […] More

Softer Dollar, Lower Bond Yields, and Equities Recover Further

March 30, 2023

Risk-on trading continued overnight. The dollar fell 0.4% against the Swiss franc, 0.3% relative to the euro and yen, 0.2% versus the Australian dollar and sterling and 0.1% vis-a-vis the Canadian dollar, kiwi, and Mexican peso. Ten-year sovereign debt yields dipped 3 basis points in the U.K., 2 bps in Germany and a basis point […] More

Worried but Bottom-Fishing After a String of Down Weeks

February 27, 2023

Bearish European reported today didn’t deter investors from testing the upside potential of share prices. European stock markets prior to the U.S. open were up by 0.7% in the U.K. and 1.4-1.9% in Germany, France, Italy and Spain. U.S. equity futures show more modest gains, and stock markets in the Pacific Rim closed down this […] More

Share and Bond Prices Fall, Dollar Little Changed Ahead of Tuesday-Wednesday FOMC Meeting

January 30, 2023

U.S. equity futures point to a drop of around 1% at the opening bell. Share prices closed down 2.7% in Hong Kong, 1.4% in South Korea, 0.5% in Singapore, 0.4% in Indonesia but up 0.2% in Japan and 0.1% in China. Major European stock exchanges are down about 0.5% thus far. Ten-year sovereign bond yields […] More

Some Upside Data Surprises and Kyrgyzstan’s First Central Bank Rate Cut Since May 2019

November 29, 2022

The dollar traded lower this Tuesday and has so far lost 1.2% against the Aussie dollar, 1.0% relative to theĀ  kiwi, 0.8% versus the Mexican peso, 0.7% vis-a-vis the Chinese yuan, 0.5% against the yen and sterling and 0.3% versus the euro and loonie. The Swiss franc edged 0.1% higher, in contrast. A report out […] More

Sell-Off Resumes

September 29, 2022

Sovereign debt selling resumed this Thursday, sending 10-year government debt yields up by 20 basis points in Italy, 19 bps in Great Britain, 16 bps in France and the Netherlands, 15 bps in Germany and Spain, and nine basis points in the United States. Share prices are down 1-2% in the U.K., Germany, France, Italy […] More

Bottom-Fishing and Lots of Data

August 30, 2022

Share prices in the Pacific Rim rebounded 2.7% in India, 1.2% in New Zealand, 1.1% in Japan, and 1.0% in South Korea. The German Dax, Paris Cac and Milan exchange currently show gains so far today of 1.4%, 0.6% and o.9%, but U.S. share prices are pretty listless, suggesting that a market bottom has not […] More

U.S. 2Q GDP Report Heads Crowded Data Release Schedule Today

July 28, 2022

U.S. real GDP fell 1.6% on quarter at an annualized rated during the winter period and is expected to rebound only about 0.5% in 2Q. The data will be released shortly. Meantime, the dollar strengthened overnight, especially in the past couple of hours. From Wednesday closing levels, the dollar is up 0.8% against the euro, […] More