There will not be a big change in asset prices as long as we continue with the mixed economic news.
The Economic Watchers survey in Japan came out better than expected for both current condition and the outlook even as bankruptcies in Japan increase. Mixed news albeit bankruptcies occur from past business failure.
Bank of France business sentiment is higher and within expectations. It has moved higher each month since the beginning of the year. We also have on the negative Sweden and Turkey industrial production lower, but orders are up MOM. German industrial production is up big, almost explosive, MOM. Euro-zone GDP showed a contraction in the first quarter of -4.9%.
Green shoots are a problem if there is limited follow-through. The markets also seem to be overly focused on the US, so that risk averse behavior based on US data is the global driver.
The Economic Watchers survey in Japan came out better than expected for both current condition and the outlook even as bankruptcies in Japan increase. Mixed news albeit bankruptcies occur from past business failure.
Bank of France business sentiment is higher and within expectations. It has moved higher each month since the beginning of the year. We also have on the negative Sweden and Turkey industrial production lower, but orders are up MOM. German industrial production is up big, almost explosive, MOM. Euro-zone GDP showed a contraction in the first quarter of -4.9%.
Green shoots are a problem if there is limited follow-through. The markets also seem to be overly focused on the US, so that risk averse behavior based on US data is the global driver.
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