European PMIs

Risk Aversion is Back

September 23, 2014

Share prices in the Pacific Rim fell 1.6% in India, 0.6% in Indonesia and 0.5% in Taiwan and South Korea.  Japan was closed for the Autumnal Equinox holiday.  Downward equity momentum has picked up in Europe, with losses so far of 1.6% in France, 1.3% in Great Britain, 1.1% in Germany, Italy and Spain, and […] More

Disappointing Economic Data from the Euro Area and Japan

March 21, 2013

Risk appetite is down.  The Cypriot banking crisis continues to fester.  Preliminary Ezone PMI readings for March were troubling.  Japan posted a record customs clearance trade deficit, and its all-industry index fell more than 1% in January.  British retail sales and New Zealand GDP released figures were bright spots, however. Equities in Europe have dropped […] More

Concerns Mount as Greek PSI Deal Remains Elusive

January 24, 2012

The German Dax, Paris Cac and British Ftse have fallen 1.5%, 1.3%, and 0.9%.  Many bourses in Asia remained shut for the Lunar New Year.  Stocks fell 2.2% in Sri Lanka and 0.8% in New Zealand but rose 1.5% in India and 0.2% in Japan. The euro faltered after touching $1.3065, its strongest level since […] More

Another Tough Day in the Marketplace

November 23, 2011

German bund yields shot up 14 basis points following a technically undersubscribed auction.  A result of such was to reduce peripheral bond spreads, but their long-term interest rate levels in these countries remain way too high. The Bank of Greece warned of the risk of Greece leaving the European Economic and Monetary Union. China’s preliminary […] More

A Further Spike in Risk Aversion Amid More Signs of Coming Recession

September 22, 2011

Yesterday’s FOMC announcement citing “significant downside risks to the economic outlook” but not including more quantitative easing received a poor market reaction in the United States and has seen sentiment deteriorate considerable further overnight. The dollar rose 2.5% against the kiwi, 2.1% relative to the Australian dollar, 1.8% against the Canadian dollar and Swiss franc, […] More