Archive for August 5th, 2015

Deeper Analysis

Services PMI Spread Between U.S. and Eurozone Widened Sharply in July

August 5, 2015

The ISM reported a 4.3-point increase in the U.S. non-manufacturing purchasing managers index (PMI) to 60.3, highest since November.  Euroland’s services PMI, in contrast, fell 0.4 points last month to a two-month low.   The resulting PMI differential between the two economies therefore climbing to an 8-month high of 6.3.  This augmented U.S. advantage more than […] More

Central Bank Watch

Bank of Thailand Left Key Interest Rate Unchanged This Time

August 5, 2015

A statement released after Bank of Thailand officials decided unanimously not to change their 1.5% policy interest rate foresees gradual economic recovery, helped in part by a softer Thai baht, projects that inflation, which is now negative, will rise in the second half of this year and “judged that the conduct of monetary policy has […] More

New Overnight Developments Abroad - Daily Update

A Very Strong U.S. Non-Manufacturing Purchasing Managers Survey

August 5, 2015

The dollar appreciated 0.5% against the yen, 0.4% relative to the Australian dollar, 0.3% vis-a-vis the kiwi and Swiss franc and 0.2% versus the euro.  The dollar is down 0.3% against sterling and 0.2% versus the Canadian dollar but unchanged vis-a-vis the yuan. Chinese (-1.7%) and Greek (-2.9%) stocks took another tumble.  In other stock […] More