Archive for April 1st, 2020

Deeper Analysis

Greatest U.S. Manufacturing Advantage Over Euro Area in 11 Months

April 1, 2020

The U.S. ISM-compiled manufacturing purchasing managers index fell 1.0 points to a 3-month low of 49.1 in March. However, Euroland’s IHS-compiled PMI dropped by a much greater 4.7 points to a 92-month low and, as a result, America’s comparative advantage– calculated by subtracting the Ezone score from the U.S. reading — increased by 3.7 points […] More

New Overnight Developments Abroad - Daily Update

Market Strains in Spite of Some Better-than-Feared Economic Data

April 1, 2020

The second quarter and Japan’s new fiscal year began on a difficult note for world financial markets. The Japanese Nikkei slumped 4.5%, while markets in India, South Korea, Hong Kong, Indonesia, and Singapore closed down 4.1%, 3.9%, 2.2%, 1.6% and 1.4%. The German Dax and Paris Cac are currently each 4.1%, while share price losses […] More