Archive for March 1st, 2013

Deeper Analysis

U.S. Manufacturing Advantage over Ezone Extended in February

March 1, 2013

Purchasing manager survey data indicate that the United States last month enjoyed its widest advantage over the euro area since July, although such was just as good in October.  The difference between the two indices is shown in the column below labeled “spread.”  The U.S. reading of 54.2 was 1.1 points greater than in January […] More

New Overnight Developments Abroad - Daily Update

Euro Sinks Below $1.3000 Threshold

March 1, 2013

A new month brought a barrage of data including manufacturing PMI reports.  The U.S.-minus-Ezone PMI spread widened to 6.3 points. Congress failed to avert sequestration in the United States.  Markets took the development calmly. The dollar has strengthened 1.0% against sterling, 0.9% versus the Swiss franc, 0.8% relative to the yen, and 0.6% against the […] More