Macron
Anxious Start to a New Week
April 11, 2022
With central banks scrambling to counter inflation that has climbed far higher than anticipated, predictions are proliferating of a sharp economic slowdown or even a recession in the United States and many other economies. U.S. consumer price inflation is expected to have accelerated a half percentage point or more in March from February’s 7.9%. The […] More
Modest Market Retrenchment Ahead of ECB Announcement
April 26, 2018
The ECB Governing Council is holding a policy review to be followed by Draghi’s press conference. The Bank of Japan Board began a two-day meeting whose results will be revealed Friday. The BOJ also releases a quarterly Outlook for Economic Activity and Prices tomorrow, which will update its macroeconomic forecasts. After meetings with U.S. President […] More
Euro and Ezone Stocks Fall Despite Big Win for Macron
May 8, 2017
The centrist candidate for president of France, Macron, beat Le Pen by a rough margin of two to one. Stock markets in Asia closed higher, but European markets are down 1.0% in France, 0.9% in Spain, 0.5% in Italy, and 0.3% in Germany. The dollar, moreover, rose 0.5% against the euro, 0.7% relative to the […] More
Euro Climbs against Dollar and Yen
May 4, 2017
Several themes were in play on Thursday. A contentious French presidential candidate between centrist Macron and the far-to-the-right Le Pen was considered won by Macron, who already leads in polls. A victory for him in this Sunday’s run-off election would prevent Frexit. Service sector purchasing manager survey results in April show Euroland growing at an […] More
Brexit Worries Depress Sterling Against Euro
February 27, 2017
Sentiment toward Euroland was buoyed by French opinion polls and February economic sentiment data. Emmanuel Macron’s voter support in France improved. The final round of France’s presidential election is likely to pit the centrist Macron against the populist anti-EU National Front candidate, Le Pen. Economic sentiment in the euro zone edged 0.1 point higher to […] More
