Archive for February 5th, 2018

Deeper Analysis

U.S. Economy Strengthened Relative to Euroland’s in January

February 5, 2018

The ISM’s U.S. non-manufacturing purchasing managers index jumped 3.9 points to a 31-month high of 59.9 in January. Orders and jobs growth accelerated sharply. Production and inflation also picked up. The manufacturing PMI was also robust last month. The IHS estimate of Euroland’s services PMI rose 1.4 points to 58.0, which was at a 139-month […] More

New Overnight Developments Abroad - Daily Update

Global Equity Correction Extended

February 5, 2018

The unprecedentedly harsh Federal Reserve sanctions announced Friday against Wells Fargo Bank injected fresh impetus to last week’s global correction in share prices. So did a further basis point rise in the 10-year Treasury yield. Equities fell today by 2.6% in Japan, 1.6% in Australia and Taiwan, 2.1% in New Zealand, 0.9% in India and […] More

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