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 per cent 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
