IFO German business climate
Better European Data, More Leaked Allegations on Trump, and a Terrorist Bomb Attack
May 23, 2017
The German business climate index compiled by the IFO Economic Institute increased 1.6 points in May to the highest level since German unification, a reading of 114.6. Current conditions went up 1.9 points, and expectations climbed 1.3 points in the latest month, prompting IFO officials to call the business mood euphoric and the pace of […] More
Steady Dollar
July 25, 2016
Group of Twenty finance ministers and central bankers, who met over the weekend in Chengdu, China, released a communique that broke no new ground in currency policy: We reiterate that excess volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will consult closely on exchange markets. We […] More
Festering Concerns about a Chinese Credit Crunch, European Banks, and Fed Tapering
June 24, 2013
Another steep drop in Asian and European share prices opened the final week before mid-2013. Equities plunged 6.1% in China, 3.4% in the Philippines, 2.2% in Hong Kong, 1.9% in Indonesia, 1.6% in Singapore, 1.5% in Australia, 1.3% in Japan, South Korea and India, and 1.0% in Malaysia. Stocks are down so far by 1.1% […] More
Dollar Down, Stocks Up, and Japan Closed
November 23, 2012
Continuing optimism about the resolution of Euroland’s debt crisis and U.S. fiscal cliff talks depressed the dollar by 0.6% against the kiwi, 0.5% relative to the euro, 0.4% versus the Swissie and Australian dollar, 0.3% against sterling, 0.2% versus the yen and 0.1% against the loonie. Taiwan led a rally in Asian stock markets with […] More
Eye on Jackson Hole, Gulf Coast, and Greek Debt
August 27, 2012
It’s been another summer Monday of waiting for events to unfold. The dollar is marking time with no net overnight changes against the euro, yen, Swiss franc or loonie, an uptick of 0.1% against sterling and the yuan, and a 0.2% rise relative to the kiwi. An exception to this stability is an advance of […] More
