Deeper Analysis
Eurozone PMIs Improved Last Month Relative to U.S. Scores
January 6, 2016
The U.S.-minus-eurozone services purchasing managers differential fell 0.6 points to +1.1 in December. Earlier this week, investors learned of an 0.8-point widening of the negative manufacturing PMI spread. Adding those two spreads results in a combined negative spread of 3.9 points, 1.4 points more advantageous to Euroland than in November and representing a large 10.5-point […] More
New Overnight Developments Abroad - Daily Update
Fasten Your Seatbelts
January 6, 2016
Having gotten off to a bad start in 2016, global financial markets were desperately in need of some good economic data and other news. The service sector purchasing managers surveys for December failed to deliver, but that’s only one element of today’s multiple doses of disturbing news. The Chinese yuan was fixed significantly lower against […] More
