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The Euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. USA Car sales that are running at the fastest […]

Global markets were in double jeopardy this week, with continuing weakening of economic fundamentals worldwide along with steadily falling gains from different asset classes. US markets made another toppled closing this week with sharp sell-off in the banking shares due to a huge trading losses posted by JP Morgan, however sell-offs was partly offset by

Economic Data for today After a mixed day on the eco data front on Thursday, with trade balances from around the globe and unemployment reports, today things quiet back down, the calendar is very thin, except for data from China, which is already coming in with soft results. Today, markets will once again focus of

Economic Data for May 10 2012 The calendar has been thin all week; today kicks off with Australia Unemployment numbers and Chinese Manufacturing and Trade Balance and continues to Japan for current account data and trade balance. In Europe, we will see a lot of data coming from the UK including the Bank of England

Economic Events for May 9, 2012 for the European and US Markets Today’s eco calendar is virtually bear, with only some local and regional released, which will not have any market affects. The main events coming up are begin on the 10th, when things begin to get exciting. We will see lots of data from

Economic Events for May 8, 2012 for the European and US Markets 00:01   GBP   RICS House Price Balance   -10%   -10% The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in

Economic Events for May 7, 2012 for the European and US Markets 01:30   AUD   NAB Business Confidence   3 The National Australia Bank (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The

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

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

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