Jobless claims- fell underlying the return of USA on to the economic growth scene. Less numbers of Americans sought benefits. Buoyed by high oil production in USA, oil prices have been falling. With oil prices on the decline, industry , services and agriculture all should see lessened costs and enhanced margins. Consumer spending should increase in the months to Christmas.
European secular decline a la Japan may be a good reason for gloom; but then have we not already discounted that apprehension? As costs mount, companies would move out of Europe... unless there is a quicker restructuring(which is unlikely) unemployment will increase there... Europeans who are averse to migration may have to themselves migrate... A technical recession in Germany the powerhouse of Europe will accelerate Europe-pessimism.
USA wants a strong but not stronger dollar. That is in line with macro growth urges- to make imports costlier and exports earning more. Europeans had better learn that trick!
Fears of a global slow down seem to hold gold high. If there are hints of a weaker dollar, gold might gain marginally.
European secular decline a la Japan may be a good reason for gloom; but then have we not already discounted that apprehension? As costs mount, companies would move out of Europe... unless there is a quicker restructuring(which is unlikely) unemployment will increase there... Europeans who are averse to migration may have to themselves migrate... A technical recession in Germany the powerhouse of Europe will accelerate Europe-pessimism.
USA wants a strong but not stronger dollar. That is in line with macro growth urges- to make imports costlier and exports earning more. Europeans had better learn that trick!
Fears of a global slow down seem to hold gold high. If there are hints of a weaker dollar, gold might gain marginally.
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