Archive for May 4th, 2020

Deeper Analysis

Rapid U.S. and European Contractions Last Month in Factory Activity

May 4, 2020

Euroland’s IHS-compiled manufacturing purchasing managers index dropped 11.1 points in April to a the lowest level recorded in the history of this survey dating back to 1997. IHS also calculates a U.S. manufacturing PMI, and it dropped by 12.4 points to 36.1. But the more widely watched U.S. manufacturing purchasing managers survey conducted by the […] More

New Overnight Developments Abroad - Daily Update

Equities around the World Hammered by Weak Data, Low Confidence, and Pompeo’s China Accusation

May 4, 2020

Share prices in Asia closed down 5.9% in India, 4.2% in Hong Kong, 2.7% in South Korea, 2.5% in Taiwan, 2.4% in Indonesia, and 2.3%  in Singapore. European markets have so far lost 3.9% in France, 3.0% in Italy, 3.5% in Germany, and 2.6% in Spain. U.S. equity futures are struggling, too. Japan is closed […] More