Manufacturing PMI surveys

A British PMI Surprise and Trump Sticks It to Mexico

September 1, 2016

The British manufacturing purchasing managers index rebounded sharply from a 41-month low of 48.3 in July to a 10-month high of 53.3 in August. Brexit fears are receding either because a favorable reassessment of its near-term threat or because of confidence the macroeconomic stimulus will amply counter Brexit’s drag. Sterling advanced 0.8% against the dollar […] More

Tankan, Manufacturing PMIs, and U.S. Jobless Claims Data Released

October 1, 2015

The dollar traded up 0.4% against the Swiss franc and 0.2% against the euro but has declined by 0.8% versus the Aussie dollar, 0.7% relative to the kiwi, 0.4% vis-a-vis the loonie and 0.1% against the yen and sterling.  The yuan remained unchanged. After a difficult September, Comex gold is unchanged at $1,115.03 per ounce. […] More

Euro Rose on the First Business Day of March

March 2, 2015

The dollar kicked off a new month with gains of 0.5% against the kiwi, 0.4% relative to the Australian dollar, 0.3% against sterling, 0.2% versus the yuan, loonie and Swiss franc, and 0.1% vis-a-vis the yen but loss of 0.3% against the euro. The 12-month rate of consumer price decline in the eurozone was halved […] More

Manufacturing Gap Between the United States and Euroland Narrowed Last Month

February 3, 2015

The U.S. minus Ezone factory purchasing managers spread fell to 2.5 points in January from 4.5 points in December and 7.5 points in November.  This was the smallest manufacturing gap between the two economies in nine months.  A sharp depreciation of the euro, which in January averaged $1.162 or 16% less than in March-April of […] More

Mounting Possibility of a Near-Term ECB Interest Rate Cut

November 1, 2013

The euro fell 0.5% on net overnight and got below its 20-day average to as low as $1.3507.  There’s talk in the wake of CPI data released yesterday that the ECB may soon cut interest rates.  Total and core consumer prices in the year to October advanced just 0.7% and 0.8%, respectively.  The Ezone jobless […] More

css.php