Archive for August 3rd, 2015

Deeper Analysis

U.S.-Minus-Ezone Manufacturing Purchasing Managers Differential Almost Zero as Euro Cheapened in July

August 3, 2015

The U.S. manufacturing PMI unexpectedly fell by 0.8 points in July, as the jobs index declined 2.8 points to 52.7 and the prices measure slumped 5.5 points to 44.0.  Even though the Greek PMI sank to a record low of 30.2, other members of the common European currency union showed resilience, and Euroland’s overall factory […] More

New Overnight Developments Abroad - Daily Update

U.S. PMI Disappointment

August 3, 2015

The dollar is little changed on this first trading day of August 2015. The Greek stock market reopened to a 16.5% plunge after its extended closure.  Other European equities are up however by 0.8% in in Italy and Spain, 1.1% in Germany and 0.7% in France.  The British Ftse is unchanged, as is the DOW […] More