Euroland economic sentiment
Hawkish Comments within Warsh Speech at Jackson Hole Lends Support to Dollar in Spite of Other Negative Forces
August 28, 2026
The much-awaited keynote address by Fed Chairman Warsh at the annual Jackson Hole Symposium included these remarks about inflation: While this summer’s PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved. The data also show moderate wage growth. But in tracking underlying inflation, wage growth […] More
Investors Absorbing U.S. and Euroland GDP Data and Expressing Disappointment that Fed Didn’t Raise its Interest Rate
July 30, 2026
In the wake of the Fed’s policy decision, equity markets have swung widely, and the dollar has declined, with additional overnight losses of 0.9% against the South Korean won, 0.8% relative to the kiwi, 0.4% relative to the Japanese yen, Australian dollar and Mexican peso, 0.2% versus the Swiss franc and Indian rupee, and 0.1% […] More
Week Begins With Oil Price Edging Higher and Dollar Somewhat Softer
June 29, 2026
(133) Contrary to earlier this year when the dollar benefited from Middle East tensions and uncertainty, that linkage has lately broken down. The price of West Texas Intermediate crude oil bounced back above the $70 per barrel threshold, but America’s currency has eased 0.3% against sterling, 0.2% relative to the euro, Swiss franc, kiwi and […] More
Mixed Middle Eastern News But Investors Seeing the Cup Half Full
May 28, 2026
From a military standpoint, it doesn’t look like long-term peace in the Middle East is close at hand. The U.S. and Iran traded military strikes already this week, and the ceasefire between Israel and Lebanon is being repeatedly violated as well. Nonetheless, reports continue that Iranian and U.S. negotiators are close to a penciling a […] More
Central Banks Move Further Into the Spotlight
April 29, 2026
The Federal Open Market Committee is expected to announce an unchanged federal funds target range of 3.50-3.75% at 14:00 EDT today. This is the last scheduled meeting of the Jay Powell chairmanship, although his Trump-nominated successor Kevin Warsh has not yet been confirmed by the senate. The last interest rate change was made in December. […] More
Little Reaction to Nvidia Earnings Announcement or the Monthend Data Deluge
February 26, 2026
Nvidia announced solid earnings and revenues after yesterday’s session-ending bell, but its share price did not rise in response. That set the stage for Hong Kong’s Hang Seng to lose 1.4% today, and markets in Indonesia and Singapore also absorbed losses. In contrast, stock markets in Australia and Japan rose by 0.5% today, and those […] More
Dollar Modestly Lower
January 29, 2026
Fed Chairman Powell’s press conference yesterday elicited a subdued reaction in financial markets. Typical of the end of each month, there is an extensive menu of data getting released around the world today and tomorrow. Relative to Wednesday closing levels, the dollar has slid 0.2% or less against a variety of currencies including the euro, […] More
Investors Being Cautious Amid Elevated Economic and Geopolitical Uncertainty
January 8, 2026
Yesterday’s declines in equity prices have been extended. U.S. stock futures are around 0.5% lower prior to the release of U.S. statistics today of jobless insurance claims, the trade balance, consumer price expectations and labor productivity, as well as tomorrow’s most eagerly awaited labor situation figures. Stock markets in Asia closed down 1.6% in Japan, […] More
Revised U.S. GDP, Euroland Economic Sentiment, and ECB Minutes in Today’s Headlines
August 28, 2025
The dollar lost marginal ground overnight, including dips of 0.2% against the euro and yen. In contrast to one-basis point upticks in the U.S. and German ten-year sovereign debt yields, those of other key economies slipped such as 3 basis points in Italy, two bps in France and Great Britain, and one basis point in […] More
U.S. Trade Deals With China and India, Rising Fed Interest Rate Cut Hopes & Many Data Releases
June 27, 2025
President Trump is on a winning streak. A drumbeat of successes during the past fortnight — a successfully executed military mission in Iran, the Iranian-Israeli cease-fire, some favorable court rulings, NATO’s defense spending agreement, reported trade deals, and Powell’s more dovish-than-expected testimony — have deflected attention from the fiscal undertow and consequently enhance the chances […] More
