Archive for December 6th, 2018

Deeper Analysis

U.S. PMI Readings Improved Last Month Relative to Euroland’s

December 6, 2018

The ISM-compiled U.S. non-manufacturing PMI rebounded 0.4 points to a reading in November of 60.7. That still reflects rapidly improved conditions. Sub-indices for production, orders and prices climbed by 2.7, 1.0 and 2.6 points between October and last month, but the measure of employment declined 1.3 points. The IHS-compiled service sector purchasing managers index for […] More

New Overnight Developments Abroad - Daily Update

Stampede Out of Risky Assets

December 6, 2018

Japan’s Nikkei fell 1.9% overnight, and share prices are down even more sharply in the United States, Canada, U.K., Germany, France, Spain, China, Hong Kong. 10-year sovereign debt yields have climbed 14 and 10 basis points in Italy and Greece but fallen 8 bps in the U.K., 7 bps in theĀ  U.S., 5 bps in […] More