Deeper Analysis
August PMI Data Seemingly Discredits the View that the U.S. Will Win a Trade War and Incur Minimal Collateral Damage
September 3, 2019
The Institute of Supply Management’s monthly reading of the U.S. manufacturing purchasing managers index slipped below the 50 level for the first time in 43 months, signifying that the sector is no longer merely expanding more slowly but in fact has begun to outright deteriorate. The survey’s diffusion index for orders, which are sensitive to […] More
New Overnight Developments Abroad - Daily Update
Difficult Session for Indian Stocks and the Rupee… Key Vote on Brexit… Florida Watching Dorian Warily
September 3, 2019
The Sensex index of Indian share prices fell 2.1%, its worst daily session of 2019, and the rupee has fallen over 0.5% against the dollar. Investors reacted to a 6-year low in Indian on-year GDP growth and a 15-month low in the economy’s manufacturing purchasing managers index. British MPs in the House of Commons across […] More
