Purchasing Managers Surveys
Confidence Hit by Concerns Over China, Coronavirus, and Economic Outlook
July 24, 2020
The last thing the world needs in the middle of a recession is an escalation of Sino-U.S. trade and foreign policy strains, but that became an even likelier prospect as Beijing officials closed down the U.S. consulate in Chengdu. The day’s coronavirus data have been again alarming, although not quite to the extent of the […] More
Sterling Up, Yuan Down
August 22, 2019
Sterling strengthened 0.9% against the dollar and euro overnight. This appreciation was a response to remarks by German Chancellor Merkel after talks with British Prime Minister Johnson. Merkel considers a solution on the contentious border issue between Northern Ireland and the rest of Ireland still possible by the October 31st Brexit deadline. The Chinese yuan […] More
Mexican Rate Hike, Some Preliminary PMI Results, and a Trump Revelation
June 23, 2017
Mexico’s key central bank interest rate was hiked by an additional 25 basis points to 7.0%, bringing its cumulative rise to four percentage points from 3% prevailing from October 2014 through the early December 2015. However, Bank of Mexico officials suggested in a statement that no more tightening may be necessary. See review. The peso […] More
Data Releases Mixed and Plentiful
June 21, 2012
The formal Declaration of G20 Leaders, who met earlier in Los Cabos, Mexico, is big on general objectives but sparse on detailed actions. The FOMC Statement accentuated the U.S. economy’s increasing softness, but the stimulus of a 6-month continuation of Operation Twist did not surpass expectations. Stocks were mostly lower overnight. New Democracy leader Samaras […] More
Expecting EU Leaders to Present Another Fudge
July 21, 2011
Markets had been hopeful earlier this week that EU leaders might find a way to stop the prolonged euro debt crisis. On this D-day, it seems that investors are braced for disappointment. The German Dax and Paris Cac are down 0.9%, and the British Ftse has lost 0.8%. The euro has lost 0.4% against the […] More
