Archive for May 2nd, 2016

Deeper Analysis

U.S.-Minus-Euroland Factory PMI Spread Swings Back into the Red

May 2, 2016

For eight straight months through February, Euroland’s manufacturing purchasing managers index as compiled by Markit Economics had exceeded the ISM U.S. manufacturing PMI reading. ┬áThe string was snapped in March but resumed in April, as the PMI differential swung from +0.2 to -0.9 points. The U.S. purchasing managers index in manufacturing fell last month by […] More

New Overnight Developments Abroad - Daily Update

Holidays, Manufacturing PMI Releases, and Japanese Recession Concerns

May 2, 2016

There is a wide spectrum of holiday closures today due to the confluence of labor day observances (May Day), the Greek Orthodox Easter Monday, and the early spring British bank holiday.  Markets are shut in Russia, China, Singapore, Taiwan, Hong Kong, Thailand, Malaysia, Vietnam, Laos, Sri Lanka, Greece, South Africa, Kenya, Bosnia, Cyprus, Ireland, Bulgaria, […] More