eurozone M3

Sentiment Up Ahead of FOMC on Japanese Fiscal Indication and Apple’s 2Q Earnings

July 27, 2016

The FOMC will release a policy statement at 14:00 EDT (18:00 GMT).  No rate hike is expected. Japanese Prime Minister Abe quantified the coming fiscal stimulus at a greater-than-expected JPY 28 trillion, or roughly $265 billion.  However, it seems that only about half the total will involve “real money,” that is actual government deficit spending. […] More

Big Drop in Chinese Stock Market and an Unresolved Greek Debt Crisis

June 26, 2015

Equities slumped 7.9% in China, 2.3% in Hong Kong, 1.5% in Australia, 0.9% in Singapore but fell just 0.3% in Japan. Greece dominates today’s meeting of eurozone finance ministers, which will be followed by a 2-day summit of EU leaders.  The Greek government never resubmitted a revised reform plan, after Monday’s offering was rejected by […] More

Many GDP Reports on Final Business Day of May

May 29, 2015

Investors await U.S. and Canadian national income account statistics. First-quarter GDP figures have already been released in many other economies. Swiss GDP fell 0.2% on quarter and slowed to a 1.1% on-year pace from 1.9%.  The result fell short of expectations. Italian GDP rose 0.3% on quarter and 0.1% on year — weak but at […] More

Busy Day of Data

February 26, 2015

A surprise 2.2% decline in Australian private investment last quarter rekindled speculation about an interest rate cut by the RBA. British GDP grew 0.5% last quarter and 2.7% from the final quarter of 2013.  Average growth accelerated from 1.5% in 2013 to 2.6% last year.  The slowdown of growth in the final quarter from 0.7% […] More