Deeper Analysis
U.S. Minus Euroland Manufacturing PMI Spread Narrowed in January
February 1, 2012
The U.S. purchasing managers index rose a full point to 54.1 last month, connoting a relative robust rate of expansion. Meanwhile, the euro zone’s PMI improved twice as fast from a December reading of 46.9 to a January score of 48.8. Being below 50, manufacturing activity contracted in Euroland in both months, but the pace […] More
New Overnight Developments Abroad - Daily Update
Better-than-Expected PMI Scores in Most Cases
February 1, 2012
Investors started February in a good mood, bidding up stocks and commodities. The catalysts for this guarded optimism were Most manufacturing purchasing manager indices suggested that European recessionary forces may be lessening. Rumors of further progress in hammering out a bailout deal for Greece. Lessening pressure on Portuguese sovereign debt. Some upside surprises in other […] More
