Deeper Analysis
U.S., Euro Area and British Service-Sector Purchasing Managers Survey Results
March 5, 2013
The U.S.-minus-Ezone service-sector PMI differential widened 1.5 points to a 3-month high of 8.1 points in February. The U.S. index climbed 0.8 points to a 12-month high of 56.0, whereas Euroland’s PMI fell 0.7 points to a 2-month low of 47.9. The latter has been below the 50 expansion-or-contraction line of demarcation for thirteen straight […] More
New Overnight Developments Abroad - Daily Update
Less Risk Aversion
March 5, 2013
Most stock markets are higher, some strongly so like China (3.0%), Germany (2.1%), Italy (2.3%), France (1.9%), and Spain (1.8%). Equities in Australia and Britain have risen 1.3%. Stocks in India advanced 1.4%, and the DJIA is up 1.1% and trading above its record close of 14,165 hit in October 2007. The Nikkei is up […] More
