mardi 10 mars 2015
Currency Movements Take On a Bigger Share of Economic News
Posted on 14:07 by nice news
News coverage of the global economy turned slightly positive in February, according to data released Tuesday, and foreign-exchange movements are taking on more importance this year.
The Absolute Strategy Research/Wall Street Journal global composite newsflow index edged up to 50.5 in February from 48.7 in January. An index above 50 denotes positive news coverage on economic topics.
The U.S. newsflow composite index increased to 53.8 from 50.1. While up in February, both the global and U.S. indexes remain well below their averages of fourth-quarter 2014.
Elsewhere, the direction of news coverage was mixed. Japan’s index returned to a positive level of 51.5 in February from 47.4 in January. The eurozone composite index edged up to a still weak 48.9 in February from 46.5 in January. China went in the opposite direction. Its composite index fell to 41.9, the lowest reading in two and a half years.
Currency swings have become a more important economic topic among major economies. ASR found that 23% of eurozone economic stories reported in January and February mentioned currency movements. That’s up sharply from the 14.6% share averaged in 2014.
The increase corresponds with more accommodative policy announced in January by the European Central Bank. The ECB’s bond buying began Monday. The ECB’s intention to buy bonds sharply weakened the euro versus the U.S. dollar. The euro hit an 11-year low against the dollar on March 6. A cheaper currency is seen as a positive for exports and tourism a
The Absolute Strategy Research/Wall Street Journal global composite newsflow index edged up to 50.5 in February from 48.7 in January. An index above 50 denotes positive news coverage on economic topics.
The U.S. newsflow composite index increased to 53.8 from 50.1. While up in February, both the global and U.S. indexes remain well below their averages of fourth-quarter 2014.
Elsewhere, the direction of news coverage was mixed. Japan’s index returned to a positive level of 51.5 in February from 47.4 in January. The eurozone composite index edged up to a still weak 48.9 in February from 46.5 in January. China went in the opposite direction. Its composite index fell to 41.9, the lowest reading in two and a half years.
Currency swings have become a more important economic topic among major economies. ASR found that 23% of eurozone economic stories reported in January and February mentioned currency movements. That’s up sharply from the 14.6% share averaged in 2014.
The increase corresponds with more accommodative policy announced in January by the European Central Bank. The ECB’s bond buying began Monday. The ECB’s intention to buy bonds sharply weakened the euro versus the U.S. dollar. The euro hit an 11-year low against the dollar on March 6. A cheaper currency is seen as a positive for exports and tourism a
Currency Movements Take On a Bigger Share of Economic News
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