Euroland PMI

Markets Hedging Against Possible Trump Win

November 2, 2016

U.S. opinion polls indicate a considerably tighter race between Trump and Clinton. International investors are extremely worried about a Trump presidency. Some people are withdrawing cash just in case. Best scenario may be a narrow Clinton victory, continuing Republican control of Congress, stalemated governance in Washington, and the uncertainty of what the Clinton emails might […] More

Other Realities Like Soft Growth Intrude

September 23, 2016

Markets had by and large enjoyed a good week through Thursday, buoyed by the dovish decisions of the Fed and Bank of Japan. Compared to closing levels last Friday, 10-year sovereign debt yields are down eight basis points in the United States, 9 bps in Germany, and 16 bps in Great Britain. Stocks had rallied. […] More

Last Jobs Report Before Election Day

November 2, 2012

U.S. stocks rallied yesterday in response to a slew of better-than-forecast economic statistics — the ISM manufacturing survey, consumer confidence, the ADP and jobless claims.  Asian share prices picked up that tone, climbing Friday by 1.3% in Hong Kong, 1.2% in Japan, 1.1% in South Korea, 0.7% in Thailand, 0.5% in Singapore and 0.4% in […] More

No Breakthrough at EU Summit on Greece

May 24, 2012

EU leaders in Brussels produced no fresh ideas on Greece.  Germany still is resisting euro bonds, yet uncertainty over the status of Greece and the risk of contagion is hurting Germany’s economy more discernibly. Stocks are higher in Europe, nonetheless.  The British Ftse, Paris Cac, and German Dax have so far rebounded by 1.2%, 1.0% […] More

June PMIs: A Much Better Month for the United States Than Euroland

July 6, 2011

The U.S. minus Ezone purchasing managers differential among manufacturers swung from negative 1.1 in May to +3.3 in June, and the spread between their respective service-sector PMI readings rose a full point from negative 1.4 in May to minus 0.4 last month.  All four PMI levels in June, shown in the bottom row of the […] More

css.php