purchasing managers indices
Big Stakes in Today’s Georgian Senate Votes: Investors Await Outcome
January 5, 2021
Polls close at 19:00 EST (midnight GMT) in Georgia where both senate seats are being contested today in runoff elections. Democrats need to win each seat in order to control the senate and oust Mitch McConnell as the upper chamber’s gatekeeper to all legislation. The outcome is uncertain and awaited by investors. Stock markets, where […] More
A Noteworthy Week to End with the Release of U.S. Monthly Labor Market Data and the Start of Trump’s 11-Day Trip to Asia
November 3, 2017
Over the past week, Republican lawmakers pressed hard in their quest to pass a major tax cut by Christmas. Jerome Powell, viewed widely as a continuity choice, was nominated to be the next Federal Reserve Chairman. The Bank of England raised its interest rate for the first time since July 2007. The latest British purchasing […] More
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
