purchasing manager indices

Dollar Down but Stocks Up After U.S. Presidential Debate and First Glimpse at October PMI Surveys

October 23, 2020

The dollar slipped by 0.4% overnight against the Australian and Canadian dollar, 0.3% relative to the Swiss franc, 0.2% vis-a-vis the peso, kiwi, and euro, and 0.1% versus the yen and yuan. Contrary to the softer trend, the dollar has edged up 0.1% against sterling, and sovereign debt yields and share prices are each firmer. […] More

Firmer Tone Wednesday in Equities and the Dollar

September 23, 2020

European share prices so far today show gains of 2.1% in the U.K., 1.6% in Spain, 1.5% in France, 1.4% in Germany and 1.1% in Italy. Equities also rebounded 2.4% in Australia, 1.1% in New Zealand, and 0.7% in Singapore but dipped 0.1% in Japan whose market was closed Monday and Tuesday for holidays. U.S. […] More

Global Stock Market Rally

July 6, 2020

Share prices in Asia overnight leaped 5.7% in China, 3.8% in Hong Kong,1.8% in Japan, 1.7% in South Korea, 1.4% in Singapore and 1.3% in India. Key markets around Europe are currently up by 2.3% in Spain, 1.9% in Italy, 1.8% in Great Britain, 1.6% in France and Germany and 1.0% in Switzerland. A U.S. […] More

More Evidence that Tariffs Are Hurting Manufacturing All Over

July 24, 2019

Preliminary purchasing manager survey results from July in Japan, Australia, Euroland, and the U.S. were published today, and their main message is that trade wars hurt just about everybody. Japan’s manufacturing PMI printed below 50 for a third straight month and the fifth time in six months. Readings under 50 imply a contraction of activity. […] More

Trade War Fear Takes Center Stage

March 22, 2018

While Fed Chairman Jay Powell downplayed the risk to growth from trade restraints at least insofar as any influence on U.S. monetary policy is concerned, global financial markets are taking the danger of a trade war very seriously, particularly as President Trump seems poised to slap $50 billion of tariffs on imported Chinese goods. There’s […] More

Stocks Up in Europe after Drop in Asia… Dollar and Sterling Off, Too

August 3, 2017

The dollar fell 0.5% against the yen, 0.2% relative to the euro and Swiss franc and 0.1% versus the kiwi and yuan. Sterling’s even more weak, dropping 0.6% against the dollar as Bank of England Governor Carney returned to a theme that Brexit will hit the economy for a long time to come. Share prices […] More

A One-Two Punch from China and Greece

August 21, 2015

The dollar’s retreat was extended overnight, hitting a low of 1.1312 per euro. ¬†Against Thursday closing levels, the U.S. currency lost 0.6% against the kiwi and yen, 0.5% versus the euro, and 0.4% vis-a-vis the Swiss franc. ¬†The dollar, in contrast, is unchanged relative to the yuan and Australian dollar and shows gains of 0.4% […] More

Spreading Hope over Greece Lifts Equities

June 23, 2015

Negotiators claim to have reached an agreement on the main principles regarding a Greek debt accord and express hope that a full deal can be worked out this week. Share prices are up 3.9% in Greece, 1.0% in Germany, 1.2% in France, 0.9% in Spain and Italy, 1.1% in Switzerland but just 0.1% in Britain. […] More

Bad News and Good News

August 22, 2013

The bad news came first.  Although FOMC minutes failed to embody an overwhelming message that QE tapering will begin in September with some members concerned about slippage in certain economic trends, an expression of broad support for the concept of tapering lifted long-term interest rates further and weighed on stocks in the Pacific Rim.  The […] More

Chinese and Ezone Flash PMI Surveys Highlight Weakness

April 23, 2013

HSBC reported a 1.1 decline in China’s manufacturing purchasing managers index.  At 50.5 in April, the second quarter began with just marginal growth and reversed an encouraging improvement in March. Preliminary readings on the German, French and Ezone composite, manufacturing and service-sector PMI surveys also were released overnight, and they suggest that the region’s downturn […] More

css.php