Archive for January 6th, 2014

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