Archive for April 3rd, 2018

Deeper Analysis

Factory Sector Growth in the U.S. and Euroland Slowed Last Month

April 3, 2018

The ISM-compiled U.S. manufacturing purchasing managers index in March printed at 59.3, 1.5 points lower than in February but still 0.2 points above January’s reading. Indices for incoming orders, production, and employment respectively fell by 2.3, 1.0, and 2.4 points, but the score for inflation jumped 3.9 points to a lofty 78.1. The IHS-compiled manufacturing […] More

Central Bank Watch

Australian Official Cash Rate Left at Record Low 1.5%

April 3, 2018

As recently as two months ago, Reserve Bank of Australia Board members were sticking to the prediction that growth would rebound at least to 3% this year. The February post-meeting statement asserted, “The Bank’s central forecast for the Australian economy is for GDP growth to pick up, to average a bit above 3┬áper┬ácent over the […] More

New Overnight Developments Abroad - Daily Update

Continuing Parade of March Purchasing Managers Surveys

April 3, 2018

While many markets had remained shut for Easter Monday, U.S. equities plunged yesterday, led by technology issues. Today in earlier trading, markets have paused comparatively speaking. Stocks closed down only 0.8% in China, 0.6% in Taiwan, and 0.5% in Japan and Singapore, and the Hang Seng rose 0.8%. Likewise, stocks in Europe have fallen 0.9% […] More