Archive for October 1st, 2019

Deeper Analysis

Manufacturing Recession on Both Sides of the Atlantic

October 1, 2019

The manufacturing sector is very sensitive to the strength of export demand. Consequently, the trends of the U.S. and euro area manufacturing purchasing manager indices provides good empirical evidence to test President Trump’s oft-repeated assertion that the United States will win a trade war and incur minimal collateral damage along the way. Euroland’s IHS-compiled PMI […] More

Central Bank Watch

Another Australian Interest Rate Cut

October 1, 2019

The dollar overnight advanced 0.7% against the Australian dollar and 0.6% versus the kiwi following news of a third 25-basis point cut since June in the Reserve Bank of Australia’s official cash rate, which now moves to a record low of 0.75%. A statement from that central bank left the door open to even more […] More

New Overnight Developments Abroad - Daily Update

Geopolitical Strains, Weak Data, and a Poor Bond Auction as New Quarter Kicks Off

October 1, 2019

As China observes National Day, increasingly violent protests in Hong Kong evoked a Kent State moment as one protester has been shot there. Half a world away, President Trump’s team stepped up its manhunt for the impeachment whistle blower. Britain, too, is convulsed by its own constitutional crisis, ans the Conservative Party prepares for its […] More