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Short View
Yield curve
The yield curve might be a bullish signal, or it might not. There is no hope of a clear signal yet, from bond tea leaves or anywhere else, writes Aline van Duyn
Principal content
Sterling hits two-month low versus dollar
Sterling fell below the $1.60 level against the dollar for the first time in more than two months on Tuesday after a disappointing revision of UK third-quarter growth
Humbled dollar fights back
Opinion is divided on the factors behind the currency’s reversal of fortunes following it’s 16-month low in November, writes Peter Garnham
New Zealand GDP growth disappoints
New Zealand recorded unexpectedly sluggish growth in the third quarter underlining fears the country’s emergence from its worse recession in decades will be slower than predicted
Swiss franc hit by talk of intervention
Dollar consolidates its recent gains after hitting a three-month high on a trade-weighted basis last week, while Canadian dollar rises on strong data
Insight: Testing times for gilts and sterling
The US has China, Dubai has Abu Dhabi, but who, wonders Charles Dumas at Lombard Street, is Britain’s ’sugar daddy’?
Lex: The resurgent dollar
Investment Bible, Lesson One: whenever universal agreement is reached, the opposite soon follows. So it seems for the dollar
German business confidence surges
Country’s business confidence surges to the highest level since mid-2008, confirming that the economic recovery in Europe’s largest economy remains on track
Retail sales slip back in November
UK sales lost momentum at the end of the year, dimming hopes that frantic Christmas shopping ahead of the rise in value added tax in January would deliver a boost to growth in the final quarter
Labour market shows signs of recovery
Unemployment in the UK rose by just 21,000 to 2.49m in the three months to October, the smallest quarterly increase for 18 months, underlining a turnround in the labour market that has surprised even the government
Reserve currency of little benefit to US
Far from enjoying an “exorbitant privilege” from the dollar’s status as the world’s reserve currency, the advantages to the US are modest, says a McKinsey report
