Deeper Analysis
U.S. Factory-Sector Advantage Improved Marginally Last Month
December 1, 2014
The differential between the U.S. and euro area manufacturing purchasing manager indices widened by 0.2 points further to 8.6 points in November. Despite the slight improvement, America’s advantage was its greatest in at least two years even though the dollar posted its strongest average value against the euro in that period. The U.S. PMI slipped […] More
New Overnight Developments Abroad - Daily Update
New Month Brings Softer Dollar and Weaker Share Prices
December 1, 2014
Among a slew of manufacturing purchasing manager surveys covering November conditions, there were some notable disappointments. Also, U.S. Friday retail sales for the day after Thanksgiving were significantly short of expectations, and Moodys downgraded Japan’s credit rating to A1 in response to the delayed next sales tax hike. Share prices have fallen so far today […] More
