Deeper Analysis
U.S. Nonmanufacturing PMI Survey and Euroland Services PMI Survey Show Slower Rates of Expansion in March
April 5, 2018
The ISM-compiled U.S. non-manufacturing purchasing managers index slipped back 0.7 points to a 3-month low in March 0f 58.8, which was still very robust. Increases of 1.6 points in the employment sub-index and 0.5 points in prices mitigated declines of 5.3 points in orders and 2.2 points in sales. The IHS-compiled Euroland services PMI dropped […] More
Central Bank Watch
Reserve Bank of India
April 5, 2018
The RBI Monetary Policy Committee’s first bimonthly policy statement of fiscal 2018/19 notes that the future trajectory of CPI inflation now seems likely to be somewhat lower than that imagined two months ago due lower food and fuel costs. Inflation of 4.4% in February was close to the 4% medium-term target midpoint. But domestic demand […] More
New Overnight Developments Abroad - Daily Update
The Fickle Nature of Investor Anxiety about a Trade War
April 5, 2018
Flip-flopping attitudes about the likelihood of a full-fledged intensifying trade war between China and the United States continues to be a big source of day-to-day changes in market behavior. There was panic earlier this week. Today, investors believe Trump and Jinping will negotiate a truce and forestall a trade meltdown. One problem with such optimism […] More
