Deeper Analysis
August in Figures
September 1, 2016
Sovereign debt yields rose in August in most cases, Canada and Britain not included. The dollar and kiwi strengthened slightly. Equities held on to July gains and extended such in several cases. Oil partly recovered, and gold declined. 10-Yr Yield 08/31/16 07/29/16 Chg v End-Jul U.S. 1.57% 1.45% +12 Basis Points Germany -0.07% -0.12% +5 […] More
Deeper Analysis
U.S. Factory PMI Prints Below 50 Unexpectedly while Ezone Counterpart Hardly Changes
September 1, 2016
The Institute of Supply Management reported a much greater 3.2-point deterioration in the U.S. manufacturing purchasing managers index to 49.4 in August, a seven-month low. Readings below 50 imply contracting activity, but at 43 or lower is falling GDP implied. August’s slide looks genuine. A separate manufacturing index compiled by Markit Economics was 0.9 points […] More
New Overnight Developments Abroad - Daily Update
A British PMI Surprise and Trump Sticks It to Mexico
September 1, 2016
The British manufacturing purchasing managers index rebounded sharply from a 41-month low of 48.3 in July to a 10-month high of 53.3 in August. Brexit fears are receding either because a favorable reassessment of its near-term threat or because of confidence the macroeconomic stimulus will amply counter Brexit’s drag. Sterling advanced 0.8% against the dollar […] More
