Manufacturing PMIs

U.S. and Euro Area Manufacturing Conditions Improved Last Month

August 3, 2020

The U.S. manufacturing purchasing managers index of the Institute for Supply Management rose 1.6 points to a 16-month high of 54.2 in July. That performance was exceeded nonetheless by the IHS-compiled PMI for Euroland, which jumped 4.4 points to 51.8. Being each above 50, the data signify a faster U.S. improvement in business conditions during […] More

Stocks and Dollar Mostly Up Despite Concerns on Three Fronts

August 3, 2020

The relentless Covid-19 virus remains a top concern. The number of global cases jumped three quarters of a million this time last Friday to 18.2 million, and the U.S. share of that total is fast approaching 700k. Warnings have been made that renewed lockdowns may be necessary. News on vaccine development has been promising, but […] More

Stock Markets Open Third Quarter on a Downbeat Despite Higher Factory PMI Readings

July 1, 2020

Share prices fell 0.8% in Japan and show daily losses so far of about 1.5% in Germany, France, Italy and Spain. The British Ftse is 1.1% weaker, and U.S. futures point to a drop at the open. Euroland’s June purchasing managers index printed at a 4-month high of 47.4, which is half a point above […] More

Equities around the World Hammered by Weak Data, Low Confidence, and Pompeo’s China Accusation

May 4, 2020

Share prices in Asia closed down 5.9% in India, 4.2% in Hong Kong, 2.7% in South Korea, 2.5% in Taiwan, 2.4% in Indonesia, and 2.3%  in Singapore. European markets have so far lost 3.9% in France, 3.0% in Italy, 3.5% in Germany, and 2.6% in Spain. U.S. equity futures are struggling, too. Japan is closed […] More

Greatest U.S. Manufacturing Advantage Over Euro Area in 11 Months

April 1, 2020

The U.S. ISM-compiled manufacturing purchasing managers index fell 1.0 points to a 3-month low of 49.1 in March. However, Euroland’s IHS-compiled PMI dropped by a much greater 4.7 points to a 92-month low and, as a result, America’s comparative advantage– calculated by subtracting the Ezone score from the U.S. reading — increased by 3.7 points […] More

Market Strains in Spite of Some Better-than-Feared Economic Data

April 1, 2020

The second quarter and Japan’s new fiscal year began on a difficult note for world financial markets. The Japanese Nikkei slumped 4.5%, while markets in India, South Korea, Hong Kong, Indonesia, and Singapore closed down 4.1%, 3.9%, 2.2%, 1.6% and 1.4%. The German Dax and Paris Cac are currently each 4.1%, while share price losses […] More

Dollar, U.S. Share Prices and 10-Year Treasury Yield Fall

March 2, 2020

The mood of investors turned dark again even before the U.S. market open in spite of overnight share price rebounds of 3.2% in China, 1.0% in Japan, 0.8% in South Korea and 0.6% in Hong Kong. A brief respite was aided by special statement from Fed Chairman Powell: The fundamentals of the U.S. economy remain […] More

Markets Guided by Fresh Urge to Seek Safety

January 3, 2020

Safe haven currencies like the dollar and yen rose overnight. Investors shifted funds out of stocks, which had soared Thursday, into fixed income securities. 10-year sovereign debt yields fell five basis points each in the U.S., Germany and Great Britain. Equity markets dropped 0.8% in Japan, 0.6% in Indonesia and Australia, and 0.4% in India […] More

Holidays, Manufacturing PMSs, and A Hurricane for the Ages

September 2, 2019

It’s Labor Day in the United States and Canada. When Hurricane Dorian hit the northern Bahama Islands, it became the strongest Atlantic Hurricane to make landfall. Dorian is currently 120 miles east of West Palm Beach and crawling very slowly, with the hope that it will veer north rather than move over Florida. The dollar […] More

Central Banks and Manufacturing PMI Reports in the Spotlight

August 1, 2019

The Bank of England Monetary Policy Committee left policy settings unchanged by a unanimous 9-0 vote as was expected. Today’s report coincided with the release of the quarterly Inflation Report. Projected growth in the U.K. last quarter was likely zero percent and that for 2019 has been lowered to 1.3%. The forecast assumes a Brexit […] More

css.php