Archive for November 3rd, 2014

Deeper Analysis

Wider U.S. Advantage in Factory Activity vis-a-vs Euroland

November 3, 2014

The euro area manufacturing purchasing managers index edged 0.3 of a point higher to 50.6 in October, but the U.S. PMI jumped 2.4 points to 59.0.  The differential between these measures of factory-sector operating conditions, which had declined 2.0 points in September, more than reversed that move to reach a new multi-year high of 8.4 […] More

New Overnight Developments Abroad - Daily Update

Stronger Pound and Dollar Amid Mixed PMI Manufacturing Results

November 3, 2014

While unchanged against sterling, the dollar gained overnight by 1.2% against the yen (which sank as low as 113.74), 0.9% versus the Australian dollar (which hit a new low of USD 0.8704), 0.7% relative to the loonie, 0.5% vis-a-vis the kiwi, 0.3% against the euro and Swissie and 0.1% against the yuan. Japanese markets were […] More