purchasing manager surveys

A Newsworthy Start to the Week

May 23, 2016

At the weekend meeting in Japan of Group of Seven finance ministers and central bankers, participants disagreed over the yen, expressed concern about Brexit and, more generally, the outlook for global growth, and pledged coordinated effort to prevent the financing of terrorism.  U.S. Treasury Secretary Lew towed the precedent pledge not to engage in competitive […] More

Sterling’s the Biggest Loser Against a Strengthening Dollar

February 22, 2016

Sterling fell 2.0% against the U.S. currency, which also has risen 0.9% against the euro, 0.8% relative to the Swiss franc and 0.5% vis-a-vis the yen.  Emerging market currencies and commodity-sensitive monies have also performed well this Monday.  The U.S. dollar lost 1.1% against the Aussie dollar, 0.4% versus the kiwi, 0.5% against the rand […] More

After FOMC Minutes, a Bunch of New Data Releases and ECB Minutes

May 21, 2015

FOMC minutes released late yesterday suggest that a June rate hike is possible but improbable. Today’s release of ECB Governing Council minutes, known formally as the “ECB Account,” reflect determination to complete the entire program of quantitative easing scheduled to run through September 2016, satisfaction with how QE is working thus far, but continuing frustration […] More

Scant Change in the Dollar on a Busy Data Release Day

November 20, 2014

The dollar has dipped 0.1% against the loonie, kiwi, and yuan and edged 0.1% higher versus the euro, Swissie and Australian dollar.  Sterling is steady. The yen is down 0.2% on balance but touched new lows for the move overnight of 118.99 per dollar and 149.17 per euro.  In the past two years since November […] More

Little Growth and Even Less Inflation

October 23, 2014

As on Wednesday, data released today have accentuated subdued growth and disinflation. The kiwi fell 1% against the U.S. dollar, which otherwise shows no change against the loonie, Australian dollar or yuan, downticks of 0.2% relative to the euro and Swiss franc, and rises of 0.3% vis-a-vis the yen and 0.2% against sterling. Share prices […] More

Many Markets Closed for May Day

May 1, 2014

Activity has been generally quiet but liven up when several U.S. indicators get released later.  There’s been little reaction to yesterday’s FOMC statement, which contained no surprises. Scheduled U.S. data releases include personal income and spending, the manufacturing purchasing managers survey, motor vehicle sales, construction spending and weekly jobless insurance claims and Bloomberg-compiled consumer comfort.  […] More

Festering Geopolitical Tension and Mixed Purchasing Manager Survey Developments

March 24, 2014

The dollar opened unchanged against the loonie, kiwi, and sterling in the final week of the first quarter.  Itis up 0.4% against the Swiss franc, 0.3% versus the yen and 0.2% relative to the euro but down 0.3% against the Australian dollar. Despite another deterioration in Chinese manufacturing, Chinese equities and the yuan advanced by […] More

German Election Results and Preliminary September Chinese and Euroland PMI Readings

September 23, 2013

Japan was closed in observance of the autumnal equinox. The right-of-center Christian Democrats and Christian Social Union did much better than forecast.  Those sister parties picked up 72 seats in German national parliamentary elections to fall just marginally under securing an absolute majority.  Angela Merkel is assured of a third four-year term as German Chancellor.  […] More

Higher Service-Sector PMI Readings in the United States and Euroland Plus Comments on Other U.S. Statistics Released Today

December 5, 2012

The service-sector purchasing manager indices rose in November by 0.5 points in the United States and 0.7 points in the euro area.  The spread  between those readings narrowed marginally to +8.0 points as a result.  Notably, U.S. services at 54.7 and comfortably above the 50 no-change level connotes non-stalling expansion, whereas Euroland’s 46.7 points to […] More

Factory Conditions Continued to Deteriorate in the U.S. and Euroland

August 1, 2012

It was disappointing but predictable that Euroland’s downturn in manufacturing continued in July.  Germany, France, Italy and Austria had lower readings in July than June, and each was below the 50 no-change line.  In a surprise, Germany’s score of 43.0, a 37-month low, indicated a steeper rate of contraction than last month in France, Italy, […] More

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