Archive for July 24th, 2019

New Overnight Developments Abroad - Daily Update

More Evidence that Tariffs Are Hurting Manufacturing All Over

July 24, 2019

Preliminary purchasing manager survey results from July in Japan, Australia, Euroland, and the U.S. were published today, and their main message is that trade wars hurt just about everybody. Japan’s manufacturing PMI printed below 50 for a third straight month and the fifth time in six months. Readings under 50 imply a contraction of activity. […] More

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