Deeper Analysis
Accelerating Economic Activity in the U.S. and Euroland
December 5, 2016
The U.S. non-manufacturing purchasing managers index rose 2.4 points in November to a 13-month high. Increases of 4.0 points and 5.1 points in production and jobs powered the improvement. Euroland’s services PMI went up less sharply to an 11-month high of 53.8 from 52.8, and this widened the differential between the two indicators by 1.4 […] More
New Overnight Developments Abroad - Daily Update
Investors Disregard Italian Referendum Result and Renzi’s Resignation
December 5, 2016
There was only a fleeting market response to the latest giant step for world populism and anti-globalization. Italy’s government suffered a very poor showing in the constitutional referendum held yesterday. Prime Minister Renzi’s Democratic Party barely captured two of every five votes, and Prime Minister Renzi resigned, setting the state for anti-euro sentiment in the […] More
