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The Meaning of the Decline in the EMU's Core CPI

October 31, 2017
The eurozone reported a flash reading of its October CPI today, the last day of the month.  After softer Spanish and German national reports, it was not surprising that the headline eased to 1.4% from 1.5%.  ECB President Draghi has warned of some near-term softness due to energy prices.  
The unexpected news was that the core rate slipped back to …
The Meaning of the Decline in the EMU's Core CPI The Meaning of the Decline in the EMU's Core CPI Reviewed by Marc Chandler on October 31, 2017 Rating: 5
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Month-End Leaves Market at Crossroads

October 31, 2017
Global equity markets are closing another strong month.  The MSCI Asia Pacific Index was little changed on the day, but up 4.3% in October, the 10th consecutive monthly advance.   Europe's Dow Jones Stoxx 600 is also flattish today, but up 1.6% on the month.  It is the second monthly advance after a June-August swoon.  The benchmark is closing…
Month-End Leaves Market at Crossroads Month-End Leaves Market at Crossroads Reviewed by Marc Chandler on October 31, 2017 Rating: 5
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A Few Thoughts about Currencies and Equities

October 30, 2017
The S&P 500 closed strongly ahead of the weekend to extend the advancing streak to the seventh week and nine of the past ten.  Some efforts to decompose the return since the bottom in 2009 finds that roughly two-thirds can be explained by earnings growth and about a third to expansion valuation (price-to-earnings).  
Through last week, with abo…
A Few Thoughts about Currencies and Equities A Few Thoughts about Currencies and Equities Reviewed by Marc Chandler on October 30, 2017 Rating: 5
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