Deeper Analysis
Big Deterioration Last Month of U.S. Non-Manufacturing Relative to Euroland
June 3, 2016
In May, the U.S. non-manufacturing purchasing managers index fell 2.8 points to 52.9, implying the slowest expansion in slightly more than two years. The indices for production, orders and jobs declined by 3.7, 5.7, and 3.3 points. Meanwhile, Euroland’s services purchasing managers index edged 0.2 points higher to 53.3. Service sector activity expanded more rapidly […] More
New Overnight Developments Abroad - Daily Update
Resilient Mood Ahead of U.S. Jobs Report
June 3, 2016
Ahead of the May U.S. Labor Department jobs report, which analyst believe could be distorted, there is an upbeat mood that the U.S. economy can handle a Fed tightening easily and that commodities aren’t going to hit another air pocket. The dollar is marking time, with no net change against the euro, yen, Swiss franc, […] More
