Deeper Analysis
Next Week
November 2, 2018
Central Banks: Monetary policy reviews scheduled at the Federal Reserve and in Australia, New Zealand, Poland, Romania, Serbia, Malaysia and Peru. BOJ Governor Kuroda and ECB Vice President Guindos speak publicly. Minutes from the Bank of Japan’s September Board meeting and a summary of its end-October meeting, plus the Reserve Bank of Australia’s quarterly Monetary […] More
Deeper Analysis
U.S. Manufacturing Advantage Over Euro Area Narrowed but Remained Big in October
November 2, 2018
The differential between the ISM-compiled U.S. manufacturing purchasing managers index and the IHS-compiled Euroland factory PMI narrowed last month to +5.7 from +6.6 in September and +6.7 in August. The dollar’s average value was about 1.5% stronger than its September mean, but concerns about U.S. trade protectionism resulted in Euroland’s weakest business confidence in the […] More
New Overnight Developments Abroad - Daily Update
Trump Dangles Possibility of Trade Deal with China Before Market Ahead of Mid-Term Election
November 2, 2018
U.S. President Trump claimed trade talk progress after phone conversation with Chinese President Xi Jinping and instructed his cabinet to frame a possible trade deal with China before the G20 summit November 30-December 01 in Buenas Aires. The timing of this development four days ahead of U.S. mid-term elections is conspicuous. Stock markets around the […] More
