Deeper Analysis
A Lessening U.S. Advantage Versus Euroland in Manufacturing
December 2, 2019
The ISM-compiled U.S. manufacturing purchasing managers index in October slid 0.2 index points to a 3-month low of 48.1, whereas the Euroland’s IHS-compiled PMI advanced a full point to a 3-month high of 46.9. The differential between those two data series of 1.2 points in favor of the United States was sliced in half to […] More
Deeper Analysis
November 2019 in Figures
December 2, 2019
Share prices and 10-year sovereign debt yields climbed last month in most of the economies featured below. The dollar strengthened between 0.9% and 1.9% relative to the euro, yen, Swiss franc, loonie and Australian dollar but ended November with minimal net change against the kiwi, yuan or sterling. Central bank policy rates were not changed […] More
New Overnight Developments Abroad - Daily Update
Trump Plays the Tariff Card with Predictable Negative Economic Results
December 2, 2019
President Trump opened a fresh tariff offensive, this time against Brazil and Argentina which previously had been exempted from tariffs of 25% on steel and 10% on aluminum. He did this in response to the depreciation of those countries’ currencies and the difficulty such had exerted on U.S. farmers. But the immediate effect of his […] More
