Deeper Analysis
U.S. Service-Sector Purchasing Managers Survey Advantage Widened Last Month Versus Ezone
January 4, 2013
The U.S. and Ezone service-sector purchasing manager survey results for December were released today. Each improved significantly from November readings. The U.S. 56.1 reading was 1.4 points better than in November and above the 50 no change threshold and also above 55.0 for the first time in nine months. Analysts had mistakenly expected the index […] More
Deeper Analysis
Ten-Year Ezone Government Bond Spreads Versus German Bunds
January 4, 2013
The table below compares selected European bond spreads (e.g., Spain minus Germany) on the first trading day of last June to those of yesterday. All the countries except Britain participate in the European Economic and Monetary Union, and all of the bond spreads except that between British gilts and German bunds narrowed, many of which […] More
New Overnight Developments Abroad - Daily Update
Dollar Strengthens on FOMC Minutes
January 4, 2013
FOMC minutes released Thursday afternoon in the United States have created new doubt about how long quantitative easing will be sustained, as such revealed split opinion among policymakers. More than a few expressed mounting concern about the difficulty of eventually reducing the balance sheet and felt it would be prudent to end QE before December […] More
