Deeper Analysis
U.S. Institute of Supply Management Admits to Data Measurement Boo Boo
June 2, 2014
As I do early each month at 14:00 GMT after the ISM reports its survey manufacturing purchasing managers, Currency Thoughts posted a table comparing that index to the euro area manufacturing PMI, which is derived by Markit Economics. Subsequently this morning and not once but twice, the ISM revised its figure because of initial errors […] More
Deeper Analysis
U.S.-Minus-Ezone Factory PMI Spread Remained Small in May
June 2, 2014
The manufacturing purchasing managers survey between the United States and the euro area, +1.0, was 0.5 points narrower in May than April and the fourth straight month of 1.5 points or less. The U.S. PMI fell 1.7 points to a three-month low of 53.2. The drop was led by jobs, down 2.8 points, and a […] More
New Overnight Developments Abroad - Daily Update
Strengthening Case for ECB to Ease Aggressively
June 2, 2014
Dollar gains overnight amounted to 0.6% against the Australian dollar, 0.5% versus the Swiss franc, 0.2% relative to the yen, euro and kiwi and 0.1% against the loonie. The dollar is unchanged vis-a-vis the yuan and sterling. Share prices advanced 2.1% in japan, 1.9% in Indonesia, 0.5% in Australia and 0.4% ain South Korea and […] More
