Eurozone Wednesday’s data releases confirmed that April has seen a significant decline in business and consumer confidence, while inflation surprised on the downside compared to initial expectations. According to the European Commission index, the business climate index declined to 0.44 in April from a downward revised 0.79 in March. Consumer confidence was unchanged at -12. [...]
Entries from April 2008
The Morning Call - Developed Markets - 4/30/08
April 30th, 2008 · No Comments
Tags: Global Fundamentals
GDP ekes out small gain amid declining final sales in Q1
April 30th, 2008 · No Comments
U.S. real GDP eked out a small gain in 1Q 2008, as an improving trade balance and a pickup in inventory accumulation offset declining final sales to domestic purchasers. In the first quarterly decline in U.S. domestic demand since 4Q 1991, consumer spending slowed appreciably and capital spending declined modestly, while housing construction continued to [...]
Tags: United States US Economy
Canadian Dollar Morning Comment - 4/30/08
April 30th, 2008 · No Comments
Overnight Spot Trading Activity: FOMC to Provide Direction
Asia: USD/CAD remained range-bound in overnight trading, but was able to break below 1.0100 due to sales of EUR/CAD and general interbank selling interest in USD/CAD. There were no directional deal flows of note in Asia due to two-way fund flows between 1.0125 and 1.0135, leading to a [...]
Tags: USD/CAD