German Producer prices in August 2014: –0.8% on August 2013

In August 2014 the index of producer prices for industrial products fell by 0.8% compared with the corresponding month of the preceding year. In July 2014 the annual rate of change all over had been –0.8% too. Prices of intermediate goods decreased by 0.4% and energy prices by 3.1%, while prices of…

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German Producer prices in August 2014: –0.8% on August 2013

Don’t believe the Australian unemployment rate? Here’s what’s happening

The unemployment rate is one of the most closely followed macroeconomic indicators. Of importance in its own right, it tells us about the level of spare capacity in the economy and provides information about likely future developments in inflation. Recent fluctuations in the unemployment rate hav…

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Don’t believe the Australian unemployment rate? Here’s what’s happening

Key Eyes N.Z. Election Win After Snowden, Eminem Battering

New Zealand Prime Minister John Key could win a third term in elections tomorrow after surviving a political scandal, Edward Snowden’s claims of mass spying and an Eminem lawsuit, opinion polls show. Key’s National Party had 48 percent support in a New Zealand Herald poll published today compared…

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Key Eyes N.Z. Election Win After Snowden, Eminem Battering

FX Markets In Turmoil On Scottish Vote & Japan Economic Downgrade

Cable (GBPUSD) is surging as the first results from the Scottish Referendum hit and a resounding “No” to independence appears confirmed. Almost back to pre-Scottish-Vote-fears level (1.66), cable is up 250 pips in the last 24 hours (its biggest move in over a year). GBP is also strengthening notably…

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FX Markets In Turmoil On Scottish Vote & Japan Economic Downgrade

Japan government cuts economic view, warns of stalling consumption

Japan’s government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April’s sales tax hike, clouding the outlook for a sustained recovery. The government on Friday cut its view on private consumption, wh…

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Japan government cuts economic view, warns of stalling consumption

Global shares rise on hot Alibaba IPO, sterling up after Scots vote

Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce giant Alibaba Group, while sterling rebounded after a survey published showed support for Scotland to remain in the United Kingdom. Alibaba Group Holding (BABA.N) priced its IPO at…

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Global shares rise on hot Alibaba IPO, sterling up after Scots vote

Polls are closed! The No camp may have the edge in the Scottish independence race

The polling stations in Scotland closed at 2200BST and there appears to have been a massive turnout. Reports coming from the North suggest that 90% of voters turned up, with 97% of the Scottish electorate registered to vote. This could be good for either side. The No camp is banking on it negatin…

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Polls are closed! The No camp may have the edge in the Scottish independence race

Sterling is ripping higher on hope of a no vote, Aussie doing better at 0.8980

The Pound Sterling is ripping higher today after traders decided overnight that they think that the Scottish referendum will vote no to separation from the rest of the UK. The buying has been so strong that GBP has moved up and through a two month down trend line but so far this morning it has NOT…

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Sterling is ripping higher on hope of a no vote, Aussie doing better at 0.8980

NZD inching higher again, eyes on migration data and later today the first Scottish vote results

After yesterday morning’s post-US FOMC volatility the NZD/USD soon stabilised. It has inched up to trade at 0.8140 this morning. Yesterday morning’s 2Q NZ GDP data showed a 0.7%q/q expansion following the hefty 1.0% gain in 1Q. This took annual growth to 3.9%, the swiftest in ten years. Thi…

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NZD inching higher again, eyes on migration data and later today the first Scottish vote results