Archive for September 3rd, 2013

Deeper Analysis

U.S. Lead in Manufacturing over Euroland Narrowed but Remained Comfortable in August

September 3, 2013

The U.S. manufacturing purchasing managers index rose 0.3 points in August after leaping by 5.5 points in July. Gains of 4.9 points in new business and 5.0 points in prices slightly outweighed drops of 2.6 points in production and 1.1 points in jobs.  The U.S.-minus-Ezone PMI differential narrowed 0.8 points to 4.3 points in August, […] More

Central Bank Watch

Reserve Bank of Australia Less Inclined to Cut Interest Rates

September 3, 2013

After each of the seven prior seven policy meetings of the RBA Board, a statement of explanation included forward guidance that interest rates could be cut further: “The Board also judged that the inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand.”  In a rhetorical […] More

New Overnight Developments Abroad - Daily Update

Return from Summer Holiday

September 3, 2013

The U.S. and Canada will be returning after Labor Day holidays on Monday.  New Middle Eastern jitters were aroused after alleged ballistic missile test by Israel. The Aussie dollar advanced 0.7% against its U.S. counterpart after the Reserve Bank of Australia released a statement that failed to talk about scope for further easing. Australia’s Official […] More