Deeper Analysis
Manufacturing Activity Grew Last Month at a Faster Pace in the U.S. and Euro Area
January 3, 2018
The U.S.-minus-Euroland PMI spread narrowed to -0.9 percentage points in December from -1.9 percentage points in November. The ISM’s U.S. index rose to a 3-month high of 59.7% from 58.2%, and IHS’s Euroland purchasing managers index climbed to a record high of 60.6% from 60.1%. The high export content of manufacturing makes such more sensitive to […] More
New Overnight Developments Abroad - Daily Update
Stocks Keep Rising but Dollar Steadies
January 3, 2018
In overnight trading, the dollar recouped 0.4% against the Swiss franc, 0.3% versus the euro, 0.2% relative to sterling and 0.1% vis-a-vis the loonie, yuan and kiwi. A particularly large 1.1% advance against the Mexican peso followed U.S. President Trump’s renewed call for a southern border wall and tighter restraints on immigration. The dollar dipped […] More
