Deeper Analysis
U.S. Manufacturing Advantage Narrows Relative to Euroland
March 1, 2021
Whereas the Institute of Supply Management’s monthly purchasing managers index, a measure of operating conditions where values above 50 imply increasing degrees of improvement and vice versa, increased 2.1 points in February to robust 60.8, the IHS-compiled euro area PMI climbed 3.1 points to 57.9. Consequently, the difference between those two data series narrowed by […] More
New Overnight Developments Abroad - Daily Update
Equity and Commodity Prices Up Amid Favorable Manufacturing News and Start of New Month
March 1, 2021
The dollar advanced overnight by 0.5% against the Swiss franc, 0.3% relative to the euro, and 0.2% versus the yen, sterling and in trade-weighted terms. Covid cases and deaths slowed yesterday, and Johnson & Johnson’s vaccine has been approved for distribution. Being the first day of the month, a slew of manufacturing purchasing manager surveys […] More
