Global economic on net are exactly hitting consensus forecasts, producing a zero reading on the Relative Performance Index. But readings among individual economies show the usual variation with the Eurozone closing out a generally disappointing [...]
The December 18 week is the last before the week between Christmas and New Years. The two weeks are normally a quiet time for consumers and many businesses not in the retail sector. It may [...]
Econoday’s aggregate Relative Performance Index ended the December 15 week at plus 1, very near the zero line for a third week in a row to indicate that global economic data, on net, are hitting [...]
In line with the October meeting, investors are confident that this Thursday’s ECB announcement will leave key interest rates on hold. Indeed, further warning signs of an impending Eurozone recession together with a surprisingly steep [...]
Not for the first time, the SNB surprised investors at its September’s Monetary Policy Assessment (MPA) when it announced no change to its policy rate. Despite some earlier hawkish rhetoric, a downward revision to the [...]
Little is expected from Thursday’s policy announcement. A very sizeable consensus sees Bank Rate being left at 5.25 percent and investors and financial markets alike seem quite convinced that the next move will be down, [...]
Global economic data are coming in very close to the zero line, at plus 2 on the Relative Performance Index. This compares with a score of 3 in the prior week to indicate that international [...]
Attention In the December 11 week will be narrowly focused on the rate announcement out of the December 12-13 FOMC meeting at 14:00 ET on Wednesday, along with the quarterly update to the summary of [...]
In the December 4 week, Fed policymakers will be out of the public ear during the communications blackout period around the December 12-13 FOMC meeting. The blackout begins at midnight on Saturday, December 2 and [...]
Global data on net are coming in right at expectations, at plus 3 on the Relative Performance Index; zero on this index marks exact matching of consensus forecasts with actual results.The Eurozone has been lagging [...]
