German producer prices

Equities Retreat Additionally; Dollar Flattens

April 20, 2021

Monday’s drop in share prices has been extended amid concerns about the pandemic and higher inflation. Stocks closed down 2.0% in Japan, 0.7% in Australia and New Zealand, 0.6% in Singapore and 0.1% in China. Losses so far in Europe range between 0.8% and 2.0% in Switzerland, Germany, the U.K., France, Italy and Spain, and […] More

Trump Fans Political Chaos but Dollar Slippage Stays Orderly

November 20, 2020

The Trump campaign is continuing to try to discredit election results in several states. If it can persuade some key states not to certify Biden’s win, the President-Elect could fall short of the needed 270 electoral votes, throwing the election decision back to state legislatures, the House of Representatives, and perhaps the Supreme Court. The […] More

Fresh Drop in European Equities

October 20, 2014

European share prices are selling off again following Friday’s interrupted downtrend.  The German Dax, British Ftse and Paris Cac are down 1.1%, 0.9%, and 0.8% so far.  Investors remain worried about the outlook for European growth and fear the ECB Governing Council will not do enough to forestall another slide into recession and possible deflation. […] More

Spoken Words

April 17, 2014

Bank of Japan Governor Kuroda reiterated his upbeat view that recovery will resume soon after the initial setback this quarter caused by a consumption tax.  While expressing satisfaction with current policy settings, he also indicated a readiness to augment stimulus if such becomes necessary.  The Bank of Japan released results of its quarterly branch managers […] More

Hope Holding Regarding Ezone Crisis Resolution

August 17, 2012

German Chancellor Merkel endorsed ECB Pdt Draghi’s conditional commitment to aiding peripherals and the promise to preserve the euro. Spanish 10-year sovereign debt yields remain well below the 7% threshold at 6.49%, and Italian 10-year sovereign debt are a tad below 5.8%. The ten-year German bund and British gilt yields firmed a basis point.  The […] More

Share Prices Ending Week on Softer Note

July 20, 2012

The calendar for data releases today is particularly thin for a Friday.  Not much else is going on.  Thursday’s U.S. data showing higher-than-expected weekly jobless claims of 386K, a 0.3% decline in the index of leading economic indicators, a third straight negative reading on the Philly Fed manufacturing index, and a 5.4% drop in existing […] More

More Angst about Europe as G8 Leaders Gather at Camp David for Annual Summit

May 18, 2012

Pacific Basin equities took another deep dive, falling 3.0% in Japan, 2.7% in The Philippines and Australia, 3.4% in South Korea, 2.8% in Taiwan, 1.6% in Thailand and Indonesia, 1.5% in China and Singapore, and 1.3% in Hong Kong.  In the epicenter of worry, stock prices are down 2.1% in Stockholm, 1.0% in London, but […] More