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The euro was little-changed vis-? -vis the U.S. dollar today as the single currency tested bids around the US$ 1.2690 level and was capped around the $1.2720 level. Technically, today??™s intraday high was right around the 50% retracement of the move from $1.2980 to $1.2460. Traders remain torn between strong inflation and employment measures in the [...]
LONDON: European stock markets closed lower yesterday, reversing earlier gains after data in the US showed that industrial activity contracted in November for the first time in more than three years.
In London the FTSE 100 index dropped 0.45% to close at 6,021.50 points, in Paris the CAC 40 fell by 1.38% to 5,254.05 points while [...]
Many analysts are pointing to Friday, December 4, as the day that logic returned to the forex markets. On that day, the scheduled release of US non-farm payrolls indicated a drop in the unemployment rate and shocked investors. This was noteworthy in and of itself (because it suggests that the recession is already fading), but [...]
Today, we bring you an interview (the second part, and complete transcript) with Edward Hugh, a macro economist, who specializes in growth and productivity theory, demographic processes and their impact on macro performance, and the underlying dynamics of migration flows. Edward is based in Barcelona, and is currently engaged in research into the impact of [...]