Archive for October 1st, 2020

Deeper Analysis

U.S.-Ezone Manufacturing PMI Differential Narrowed in September

October 1, 2020

The Institute of Supply Management’s U.S. manufacturing purchasing managers index settled back 0.6 points to a 2-month low of 55.4 in September. Sub-indices for production and orders showed a more pronounced slowdown, dropping 2.3 and 7.4 points under their August readings. The IHS-compiled euro area factory PMI, in contrast, increased 2.0 points to a 25-month […] More

Larry's Blog

Yankees-Indians Thriller Bookends Game 7 of the 1960 World Series

October 1, 2020

Yesterday’s series-ending baseball marathon between the Yankees and Indians was kind of reminiscent of Game 7 of the 1960 world series but with a happier ending for Yankee fans. Against the Pirates, the Yanks trailed 4-0 after the 2nd inning versus trailing 4-1 versus the Indians at the same point. Yanks scored a run in […] More

New Overnight Developments Abroad - Daily Update

Fourth Quarter Starts with Lower Dollar, Firmer Equity Prices, and a Slew of Manufacturing PMI Surveys

October 1, 2020

The dollar fell overnight by 0.5% against the Swiss franc, Australian dollar, kiwi and sterling, by 0.4% versus the euro and by 0.2% relative to the Canadian dollar. A particularly sharp 1.5% drop came at the expense of the Mexican peso. The dollar is steady against the yen. U.S. Covid-19 cases increased 42.5k over the […] More