Deeper Analysis
U.S. Factory PMI Reading Below Euro Area Score for First Time in 19 Months
August 2, 2010
Manufacturing activity expanded at a slower rate, while the growth in Euroland manufacturing accelerated last month. The dichotomy in those trends makes sense in light of the the dollar’s 27.5% advance from 1.5149 per euro in late November to 1.1878 in early June. Both regions had solid above-50 readings between 55 and 57, but Europe’s […] More
New Overnight Developments Abroad - Daily Update
Many Stock Markets in Asia and Europe Posting Sharp Gains on First Trading Day of August
August 2, 2010
Investors remain predisposed to assuming more risk. Stocks advanced by 1.7% in China, 1.8% in Hong Kong, 2.0% in Taiwan, 1.3% in Singapore, 1.2% in India, 0.9% in Thailand and 1.1% in Australia. The Paris Cac, German Dax and British Ftse have traded up 2.1%, 1.8% and 1.3%. Trailing behind these markets, Japan’s Nikkei only […] More
