German producer prices
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
