purchasing managers survey

PMI and IFO Data Show Darkening German Economy

October 24, 2012

The euro and Swiss franc have declined 0.3% against the dollar, which is otherwise off 0.6% against the Australian dollar, 0.4% versus sterling, 0.3% relative to the kiwi, 0.2% against the loonie and 0.1% vis-a-vis the yen. Today’s focus will be the FOMC statement.  No press conference is scheduled, so the statement will be released […] More

Awaiting Outcome of G7 Finance Ministers Conference Call

June 5, 2012

At this hour, top treasury officials from the Group of Seven nations (U.S., Japan, Germany, France, Italy, Canada, and Britain) are holding an emergency phone conference to discuss the euro crisis and Spanish banking system.  Some kind of statement seems likely to be released. U.K. markets remain closed for the Queen’s diamond jubilee celebration. On […] More

Stocks, Bond Yields and Euro Slide Again

June 1, 2012

The German Dax and Paris Cac have traded 2.2% and 1.5% lower, while the British Ftse is off 0.8%.  Japan’s Nikkei closed 1.2% weaker.  Share prices also fell by 2.7% in Taiwan, 1.6% in India, 1.0% in New Zealand and Singapore, 0.9% in Indonesia, 0.6% in The Philippines, and 0.5% in Malaysia and South Korea. […] More