Archive for December 3rd, 2012

Deeper Analysis

Gap Has Narrowed Between Manufacturing in the United States and Euro Area

December 3, 2012

The U.S. purchasing managers index dropped 2.2 points to its weakest reading since July 2009.  Only a marginal decline was forecast.  The sub-indices for new business, jobs, and prices fell respectively by 3.9, 3.7 and 2.5 points.  At 49.5 in November, the total PMI has moved back under the 50 no-change level for the first […] More

New Overnight Developments Abroad - Daily Update

A Better Market Appetite for Risk

December 3, 2012

Chinese PMI’s suggest foundation for recovery. Details released of Greek debt buyback plan. Yen retreat stalls on Shirakawa remarks.  Dollar/yen down 0.3% at 82.22. Manufacturing PMIs suggest less intense downturn in Europe. Australian retail sales weaker than forecast. The euro advanced 0.6% to $1.3059.  The euro also strengthened against the Swissie to 1.2090.  The dollar […] More