Deeper Analysis
More Bad News Regarding Manufacturing
June 3, 2019
The Institute of Supply Management’s U.S. manufacturing purchasing managers index fell by a further 0.7 index points to a 31-month low in May. Sub-indices for production, supply delivery times, inventories and order backlogs dropped by 1.0, 2.6, 2.0 and 6.7 points. Juxtaposed against a 0.2-point decline in the IHS-compiled Euroland PMI index to 47.7, the […] More
New Overnight Developments Abroad - Daily Update
Stocks and Bond Yields Lower, May Manufacturing PMIs Out, and Yet Another Trumpian Insult of a Foreign Politician
June 3, 2019
The dollar slid overnight by 0.4% against the kiwi, 0.3% versus the Swiss franc and Australian dollar, 0.2% vis-a-vis the loonie and 0.1% against the euro, while holding flat relative to the yen and sterling. 10-year sovereign debt yields slipped six basis points in Italy, 2 bps in France and the U.K. and a basis […] More
