February 6, 2023 | Daily JAM, Morning Briefing |
Eurozone retail sales dropped by 2.7% in December from a month earlier. November retail sales rose 1.2% from October. Economists were looking for a 2.4% month-to-month drop in December so these results were worse than expected. (The EuroZone figures are adjusted for inflation.) Retail sales decreased by 2.8% in December of 2022 on a year-over-year basis.
July 2, 2019 | Daily JAM, Mid Term |
Christine Lagarde will move from heading the International Monetary Fund to take over the helm at the European Central Bank from outgoing President Mario Draghi. I think this is a generally positive piece of news. First, putting Lagarde in the chair means that...
February 13, 2019 | Daily JAM, Mid Term |
The 19-country EuroZone economy could expand by just 1% in 2019 with industrial production falling at the fastest rate since the global financial crisis. This time it's the core economies of Germany and France, which together make up about half of the EuroZone...
October 26, 2017 | Daily JAM, FEZ, Morning Briefing, Perfect Five-ETFs |
At its meeting today the European Central Bank decided to buy fewer bonds each month but for more months. Monthly purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros beginning in January. But the bank will extend its bond purchases until September. Some observers had through the central bank would end purchases in January or March.
June 6, 2017 | Daily JAM, EFNL, Stock Alerts |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
February 10, 2017 | Daily JAM, Morning Briefing |
We’ve now got very clear evidence that the bailouts plus austerity solutions haven’t worked in Greece. Since the summer of 2012 Greek government debt has climbed to 183% of GDP from 159%. The economic austerity program imposed on Greece as the price for the bailout has caused the economy to contract. Rather than growing its way out of the debt crisis, the Greek economy has shrunk its way deeper into the hole.
September 3, 2015 | Daily JAM, Morning Briefing, Short Term |
Growth will be slower than expected, the European Central Bank said. Inflation may turn negative in 2015. And the bank adjusted some of its rules so that it will be able to complete its full 1.1 trillion euro ($1.2 trillion) program of quantitative easing. Stimulus will continue to September 2016 or beyond
December 12, 2014 | Daily JAM, Morning Briefing, Short Term |
Industrial output falls short in China for November and European banks decide that they don’t want cheap money from the European Central Bank
November 21, 2014 | Daily JAM, Morning Briefing, Short Term |
After a year and a half of trying—and largely failing—to stimulate China’s economy by supplying more funds to the country’s banking system, today the People’s Bank of China went back to its demand side tools and cut the benchmark one-year deposit rate and the one-year lending rate for the first time since July 2012
November 20, 2014 | Daily JAM, Morning Briefing |
Yesterday’s release of the minutes from its October 29 meeting showed a Fed that was resolutely not talking about worries over slowing growth in overseas economies or volatility in overseas financial markets. Which is a good thing considering the bad news this morning on the economies of China, Japan, and the EuroZone
November 16, 2014 | Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
November 4, 2014 | Daily JAM, Morning Briefing, Short Term |
The economic data is grim enough, but the financial markets aren’t behaving as if there were any chance of another “central bank surprise” when the European Central Bank meets on Thursday, November 6. The French CAC Index is down 1.62%; the German DAX is off 0.96%, and the Spanish IBEX has slumped 2.16%.