Zew Institute

Dollar Mostly Steady on a Busy Day for Data Releases

August 14, 2012

The dollar is unchanged overnight against the yuan, kiwi, loonie and sterling.  It is 0.2% firmer versus the yen and has slipped 0.1% relative to the euro, Swissie, and Australian dollar. Share prices are mostly stronger.  Equities advanced 1.3% in South Korea, 1.1% in Hong Kong, 0.8% in Singapore, 0.6% in Thailand and Taiwan, 0.5% […] More

Marking Time Ahead of Bernanke Testimony and U.S. Data Releases

July 17, 2012

Today’s main action will be in the United States. Fed Chairman Bernanke gives the first half of his semi-annual Humphrey-Hawkins testimony at 14:00 GMT before the Senate Banking Committee.  Expectations exist that he may announce or strongly hint at new stimulus.  H-H has through the years not been a typical venue for unveiling policy changes. […] More

Momentum Shift in Europe

April 17, 2012

A troubled investor mood persisted in the Pacific Rim where share prices fell by 1.9% in Taiwan, 1.3% in China, 0.8% in Thailand, 0.4% in South Korea, 0.2% in Singapore and 0.1% in Japan.  The U.S. secret service scandal rippled further. But news out of Europe kindled the willingness to take risk.  The Paris Cac, […] More

Less Risk Aversion than Yesterday… Investors Await FOMC Statement

December 13, 2011

After difficult trading on Monday, European equities have recovered 0.8% in Germany, 0.5% in Great Britain and 0.2% in France.  Psychology got a boost from  better-than-expected data from the German ZEW Institute and Spain’s bill auction, which sold more paper than planned. In earlier Pacific Rim trading, stocks fell by 2.3% in China, 1.9% in […] More

More Bad News for Europe

October 18, 2011

The ZEW Institute released its October figures for Investor expectations toward Germany and Europe and suggested that Germany already may be in technical recession. The data were much worse than anticipated. For Germany, the expectations index worsened five points to minus 48.3, the lowest level since November 2008.  Such had been at +3.1 in May.  […] More

Stocks Down on a Busy Tuesday

April 12, 2011

Equities fell 1.7% in Japan and Taiwan, 1.5% in Australia, 1.6% in South Korea, 1.3% in Hong Kong, 1.2% in Malaysia, 0.7% in Indonesia, Singapore and the Philippines, and 1.0% in India.  In Europe, the Paris Cac, German Dax and British Ftse have lost 1.1%, 1.0% and 0.9% so far. The dollar is mixed, with […] More

Stocks Up and Dollar Down

January 18, 2011

With the U.S. market reopening after a three-day holiday weekend, the dollar lost 1.0% against the euro, 0.7% against sterling, 0.6% versus the Swiss franc, 0.5% relative to the Australian dollar, 0.3% against the Canadian dollar, 0.2% versus the yen and yuan, and 0.1% against the kiwi. Stocks are up by 1.1% in Great Britain […] More

Relentless Concern about Advanced Economies

November 16, 2010

The take-no-prisoners angered folk of the U.S. Republican Party have turned their sights on the Bernanke-led Federal Reserve.  QE2 has been associated with rising long-term interest rates, not the decline it was intended to promote.  Stocks got pummeled overnight. In Europe, Britain announced a further and unexpected rise in CPI inflation, and Bank of England […] More

Risk Aversion Wanes Somewhat

August 17, 2010

Currencies that benefit from greater risk aversion have eased.  The Swiss franc and yen lost 0.4% and 0.2% against the dollar, which otherwise fell by 0.6% against the Canadian and Australian currencies, 0.5% against the euro, 0.3% against the kiwi, 0.2% against the yuan and 0.1% relative to sterling. Stocks recovered 2.2% in Sri Lanka, […] More