Deeper Analysis
December and 2015 in Figures
January 4, 2016
Between the end of November and end of December, long-term interest rates rise in Switzerland, Germany, Britain and the United States but fell in Canada and Japan. Three-month rates adjusted almost fully to the first federal funds rate hike since 2006. The dollar fell against the euro, yen, Swissie and kiwi but advanced against loonie, […] More
Deeper Analysis
Factory PMI Divergence Widened Last Month between the United States and Euroland
January 4, 2016
Euroland’s manufacturing purchasing managers index rose 0.4 points in December to the highest score, 53.2, since April 2014. In contrast, the ISM reported a 0.4-point further drop in the U.S. factory PMI to 48.2, its lowest level since June 2009, which coincidentally was the final month of America’s Great Recession. The -5.0-point net disadvantage in […] More
New Overnight Developments Abroad - Daily Update
A Fearful Start to the New Year
January 4, 2016
China’s stock market was halted automatically after a 7% plunge. The yuan fell 0.7% and is 5.0% weaker against the dollar than its opening level of 2014. China’s manufacturing purchasing managers index dropped 0.4 points to 48.2, a three-month low and fifth consecutive sub-50 reading in a row. Such scores indicate a contraction of factory-sector […] More
