Deeper Analysis
Further Shrinkage of U.S. Economic Advantage against Euroland
January 6, 2014
The U.S. service-sector purchasing manager index fell 0.9 points to 53.0, a 17-month low. Euroland’s comparable PMI slipped just 0.2 points, causing the differential between the two indices to drop to only 2.0 points, down from 7.9 points in August. The sum of the non-manufacturing and manufacturing spreads, shown in the rightmost column below, was […] More
New Overnight Developments Abroad - Daily Update
Service Sector European PMIs Decent Enough
January 6, 2014
Overnight dollar changes limited to gains of 0.3% against the loonie and 0.2% versus the Aussie dollar and sterling. The dollar also has dipped 0.1% against the yen and euro and is unchanged versus the kiwi, Swissie, and yuan. Some Asian stock markets tumbled sharply. reopening after the extended New Year holiday, the Nikkei dropped […] More
