PMI indices

Global Growth Worries Continue to Lift Euro and Swissy and Depress Equities

June 2, 2011

Markets continue to reel from Wednesday’s discouraging data.  U.S. jobless insurance claims released today added to that funk. Stocks fell 1.7% in Japan, 1.6% in Hong Kong and China, 2.3% in Australia, and 1.3% in South Korea.  The Paris Cac, German Dax, and British Ftse have declined so far by an additional 1.1%, 1.0%, and […] More

U.S./Euroland PMI-Services Differential Narrowed at Start of 2010

February 3, 2010

Last month, the U.S. economy improved relative to Euroland in service-sector industries as well as manufacturing.  As the dollar strengthened, such was the sense of the two economies that investors had perceived.  Both regions remain in a recovery stage as confirmed by the above-50 readings shown below in all four PMIs last month.  The U.S. […] More