Uncategorized
Latest U.S. and Euroland Manufacturing Trends
December 1, 2016
The Institute of Supply Management’s U.S. manufacturing purchasing managers index jumped 1.3 points to a five-month high of 53.2 in November. Sub-indices for production and orders went up 1.4 points and 0.9 points. Euroland’s comparable index, compiled by Markit Economics, went up much more modestly, rising 0.2 points to 53.7. The German and French indices […] More
New Overnight Developments Abroad - Daily Update
Sharp Overnight Increases in Price of Oil and Long-Term Interest Rates
December 1, 2016
West Texas Intermediate crude oil traded another 3.3% higher to $51.05 per barrel. Manufacturing purchasing manager surveys from November were mostly encouraging on growth but also reflect intensifying input price inflation. The latter development and oil’s recovery support the dramatic climb in ten-year sovereign debt yields. These rose today by 26 basis points in Brazil, […] More
