The fact that the European Central Bank didn”t change its key interest rates or announce any new policy initiatives yesterday came as little surprise to financial markets. Neither were there any dramatic changes in the tone of comments made by ECB President Mario Draghi at the monthly press conference that followed today’s Council meeting of […]
Subtle Shifts In ECB Thinking Read More »
Treasury Secretary Timothy Geithner was speaking at the annual Strategic and Economic Dialogue, which has been upstaged by the case of blind Chinese activist Chen Guangcheng who on Wednesday left the US embassy where he had sought refuge after fleeing house arrest last week. The Obama Administration had hoped to showcase small signs of progress
Treasury Secretary Geithner Speaks About the Chinese Yuan Read More »
Economic Events for May 4, 2012 for the European and US Markets 08:15 CHF Retail Sales Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. 10:00 EUR Retail Sales Retail Sales
Market Review May 4 2012 Read More »
In a market surprise this morning, the little country of New Zealand was shocked by a report showing that kiwi unemployment skyrocketed. New Zealand’s unemployment rate unexpectedly rose to 6.7 per cent in the first quarter after the labour force swelled to a three-year high. The unemployment rate rose 0.3 percentage points in the three
Where Did All The Jobs Go? Read More »
Economic Events for May 3, 2012 for the European and US Markets GBP Nationwide HPI Change in the selling price of homes with mortgages backed by Nationwide. It’s a leading indicator of the housing industry’s health because rising house prices attract investors and spur industry activity EUR French Industrial Production It’s a leading indicator of
Market Review May 3 2012 Read More »
As gold continues to trade over 1600.00 per ounce and the economic crisis is still in full swing, US consumers have shift their interest from gold to silver. With less money to spend consumers are forced to be frugal and they have realized that they can get a lot more for their money when purchasing
Silver Begins To Outshine Gold Read More »
Just a short while ago the view was that the May ECB meeting would be a non-event. The meeting is scheduled to take place tomorrow in Barcelona. While we don’t expect the ECB to take new measures, economic and political developments have put the focus on the ECB once again. Although, it seems that they
What Will The ECB Do At Tomorrow’s Meeting? Read More »
The economic calendar is very busy today, after returning from a variety of holidays in Asia and Europe, markets are eager to get back to work. In Europe, investors look out for the final release of the April PMI. The advance reading was quite disappointing and even a slight upward revision will not be able
The EUR, USD, GBP And JPY Read More »
Economic events scheduled for today 01:30 JPY Labor Cash Earnings Indicator released by the Ministry of Health, Labour and Welfare shows the average income, before taxes, per regular employee. It includes overtime pay and bonuses but it doesn’t take into account earnings from holding financial assets or capital gains. Higher income puts upward pressures over consumption; therefore
Market Review May 2 2012 Read More »
Economic events scheduled for today 02:00 CNY Chinese Manufacturing PMI 53.60 53.10 China Manufacturing Purchasing Managers Index (PMI) provides an early indication each month of economic activities in the Chinese manufacturing sector. It is compiled by China Federation of Logistics & Purchasing (CFLP) and China Logistics Information Centre (CLIC), based on data collected by the
Market Review May 1 2012 Read More »
