Archive for January 4th, 2010

Bonds and Stocks

December in Figures

January 4, 2010

In the final month of 2009, the dollar and equities advanced.  Traditional hard currencies, that is the yen, euro and Swiss franc, suffered the most pronounced losses against the greenback, and the Canadian and Zealand dollars outpaced their U.S. counterpart.  The Dow Jones Industrial Averaged lagged behind the rise of other U.S. stock indices and […] More

Deeper Analysis

U.S. Minus Euroland PMI-Mf’g Spread Recovered Sharply Last Month

January 4, 2010

The unexpected 2.1-point drop in the U.S. purchasing managers manufacturing index in November was fully reversed in December, and the latest 55.9 score was 1.5 points greater than anticipated.  The orders, production, and price components each exceeded 60.  In Euroland, by contrast, December’s PMI-manufacturing index was confirmed at the preliminary estimate of 51.6, and this […] More

New Overnight Developments Abroad - Daily Update

Dollar Down But Stocks and Commodities Up to Start 2010

January 4, 2010

The dollar lost 0.9% against the Canadian dollar, 0.8% versus the Aussie dollar, 0.5% against the euro, 0.4% against sterling, 0.3% against the yen and kiwi, and 0.1% relative to the Swiss franc.  All markets are open following the New Year holiday. Stocks are up 1.6% in Indonesia, 0.5% in South Africa, Pakistan and India, […] More