Archive for March 2nd, 2020

Deeper Analysis

Greatest Convergence of U.S. and Euroland Manufacturing Since January 2018

March 2, 2020

The U.S. ISM-compiled purchasing managers index dropped 0.8 points to a 7-month low of 50.1 in February. Such a level connotes stagnant growth in factory output and historically has been also consistent with real GDP growth of about 2.1%. The composition of the report was more concerning than the aggregated index. Imports, which affect GDP […] More

New Overnight Developments Abroad - Daily Update

Dollar, U.S. Share Prices and 10-Year Treasury Yield Fall

March 2, 2020

The mood of investors turned dark again even before the U.S. market open in spite of overnight share price rebounds of 3.2% in China, 1.0% in Japan, 0.8% in South Korea and 0.6% in Hong Kong. A brief respite was aided by special statement from Fed Chairman Powell: The fundamentals of the U.S. economy remain […] More