Archive for February 3rd, 2014

Deeper Analysis

U.S. Manufacturing PMI Moved Below Euroland PMI in January

February 3, 2014

The U.S. factory purchasing managers index plunged 5.2 points in January to 51.3 as calculated by the Institute of Supply Management, whereas the euro area manufacturing PMI compiled by Markit Economics rose 1.3 points to 54.0.  The spread hadn’t been negative since May 2011 and as deeply negative since August 2008.  Each of the January […] More

New Overnight Developments Abroad - Daily Update

Risk Off

February 3, 2014

Disappointing Chinese data rules market mood even as several Asian markets — Malaysia, Vietnam, Taiwan and of course Hong Kong and China — remained shut for the Chinese New Year.  Released government-authorized CFLP manufacturing and non-manufacturing purchasing managers surveys for China accentuated that economy’s slower pace of growth. The factory PMI fell a half-point to […] More