New Evidence of Europe Sliding Closer to Recession

September 23, 2019

Preliminary purchasing manager September survey results for the euro area, Germany, and France reflect a further quantum loss of economic momentum, which is most pronounced in manufacturing but spreading also now into the service sectors. Share prices in response have so far dropped 1.1% in Italy, 1.0% in Germany and Spain, 0.9% in France and […] More

Waiting for Yellen

May 27, 2016

Markets await clarification of FOMC policy when Chair Yellen speaks today at Harvard. The dollar rose 0.5% against the loonie but is otherwise very narrowly mixed. West Texas Intermediate oil and Comex gold fell by 0.7% to $49.12 per barrel and 0.2% to $1,217.80 per ounce. The 10-year German bund yield is two basis point lower […] More