Archive for June 3rd, 2016

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