French business sentiment
Dollar’s Recent Gains Trimmed
August 27, 2014
The dollar has declined overnight by 0.5% against the Canadian and New Zealand dollars, 0.4% versus the Aussie dollar, 0.2% relative to sterling and the Swiss franc and 0.1% vis-a-vis the yuan, yen and euro. While not a big day for scheduled data reports and despite an open-ended ceasefire agreed in Gaza, minor European confidence […] More
Stronger Yen and Kiwi
June 10, 2014
The dollar fell 0.1% relative to the Australian dolar, 0.2% against the yen and 0.3% versus the the kiwi but shows overnight gains of 0.3% relative to the euro and Swiss franc and 0.1% vis-a-vis the loonie and sterling. Ten-year Japanese JGB and British gilt yields are unchanged, while the 10-year German bund has dipped […] More
Several Preliminary Purchasing Manager Surveys Support Cautious Optimism
May 22, 2014
Late Wednesday, investors were heartened by the dovish tone of the FOMC minutes. News that China’s HSBC-compiled purchasing managers index for manufacturing had risen 1.6 points to a 5-month high of 49.7 provided another upbeat impulse to the mood. In other PMI news, Japan’s factory PMI rose 0.5 points to a 2-month high of 49.9. […] More
Chinese and Ezone Flash PMI Surveys Highlight Weakness
April 23, 2013
HSBC reported a 1.1 decline in China’s manufacturing purchasing managers index. At 50.5 in April, the second quarter began with just marginal growth and reversed an encouraging improvement in March. Preliminary readings on the German, French and Ezone composite, manufacturing and service-sector PMI surveys also were released overnight, and they suggest that the region’s downturn […] More
Eye on the U.K.
January 23, 2013
Sterling hasn’t reacted much to news out of Britain, edging 0.1% higher against the dollar. Prime Minister Cameron’s delayed speech on Britain’s relationship to the EU promised an in/out referendum by December 2017 if Conservatives are reelected. He like Britain to stay in the EU but only if the rules of its relationship to the […] More
Stocks Falter in Europe
October 23, 2012
Share prices have dropped 0.9% in Germany, 0.8% in Britain, 0.6% in Italy and France and 0.5% in Spain. In the Pacific Rim earlier, equities declined by 1.3% in China, 0.8% in South Korea, 0.5% in Taiwan, 0.4% in India and 0.3% in Indonesia but rose 0.7% in Hong Kong, 0.4% in New Zealand and […] More
Gloom Continues over Euro Debt Problems
April 10, 2012
The Easter break is over, and investors continue to fret about Europe’s debt issues. The IMF will be releasing a new World Economic Outlook today. The Spanish-German 10-year sovereign debt yield spread widened to 5-month high. Post-holiday opening levels of ten-year German bund and British gilt yields show steep drops of five and eight basis […] More
Euro Trading Back Above $1.4000 But Greek Problem Persists
May 24, 2011
The euro, which touched a low of $1.3969 on Monday, recovered to $1.4108, 0.4% stronger than Monday’s close. The dollar is also down overnight by 1.0% against the kiwi, 0.6% versus the Aussie dollar, 0.4% relative to the Swiss franc, 0.3% against the yen and sterling, and 0.1% versus the Chinese yuan. Stocks have stabilized […] More
