purchasing managers indices

Markets Trading on Policy Perceptions, Not Released Data

January 24, 2017

The nominee for U.S. Treasury Secretary, Steve Mnuchin, gave a nuanced view on dollar strength, saying such is a desired long-term goal but also can be detrimental to the economy in the short run. As promised, U.S. President Trump nixed U.S. participation in the Pacific Trade Pact (TPP). Other Asian nations led by China will […] More

PMI’s, Japanese Trade, British Retail Sales, and an Important New Zealand Statement

July 24, 2014

Preliminary purchasing manager survey results for July showed An 18-month high in Chinese manufacturing growth. Faster euro area growth especially in the services but also manufacturing. Slower manufacturing growth in Japan.  Japanese customs trade data for June also were disappointing.  There was an unadjusted JPY 822 billion deficit, which was the 24th shortfall in a […] More

PMI’s, Japanese Trade, British Retail Sales, and an Important New Zealand Statement

July 24, 2014

Preliminary purchasing manager survey results for July showed An 18-month high in Chinese manufacturing growth. Faster euro area growth especially in the services but also manufacturing. Slower manufacturing growth in Japan.  Japanese customs trade data for June also were disappointing.  There was an unadjusted JPY 822 billion deficit, which was the 24th shortfall in a […] More

Widest U.S. Minus Euroland Factory PMI Differential Since Before the Great Recession Seen in April

May 2, 2012

The U.S. manufacturing purchasing managers index increased by 1.4 points to a greater-than-expected 54.8 in April, which was also a 10-month peak.  Euroland’s comparable index, in comparison, fell 1.8 points to 45.9, causing the spread between the two measures to widen by 3.2 points to 8.9 points.  The spread increased 5.5 points in the two […] More

Dollar Starts September with a Drop

September 1, 2010

The dollar lost 1.5% against the Australian dollar, 0.9% versus the euro and kiwi, 0.6% relative to the Canadian dollar, 0.3% against sterling, 0.2% against the yen and 0.1% versus the Swiss franc.  The yuan eased again but by less than 0.1%. Stocks jumped 2.1% in Australia, 1.7% in Indonesia, 1.4% in New Zealand, 1.3% […] More

Greek Bailout Hasn’t Ended Fear of Contagion

May 3, 2010

The dollar rose overnight by 0.7% against the Swiss franc, 0.6% relative to the euro, 0.3% against sterling and 0.1% versus the yen. Commodity-sensitive currencies are stronger.  The kiwi is up 0.3% against the U.S. dollar, while the Canadian and Australian dollars firmed 0.2%. Markets were closed in Japan for Constitution Day, China for Labor […] More

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