Archive for January 3rd, 2019

Deeper Analysis

Growth in U.S. Manufacturing Slowed Sharply Last Month Both Absolutely and Relative to Euroland Counterpart

January 3, 2019

In contrast to November when the ISM-compiled U.S. purchasing managers index exceeded the IHS-compiled PMI for the euro area by the widest margin in four years, that differential in December narrowed by 4.8 index points in December to an 8-month low of 2.7 points. The U.S. index dropped 5.2 points to a 25-month low of […] More

New Overnight Developments Abroad - Daily Update

China-Sensitive Stocks Falter while Yen and Gold Climb

January 3, 2019

As U.S. stocks tumbled last month, optimists proclaimed that the drop presented a buying opportunity and would prove short-lived because U.S. economic data trends remained solid. Now investors are getting validation that they were right to worry that America’s ill-advised tariff policy imposed on a world economy that already was slowing would generate more damage […] More

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