Archive for July 1st, 2021

Deeper Analysis

Manufacturing Spread that Favors Euroland Widened in June

July 1, 2021

The ISM U.S. manufacturing purchasing managers index settled back to a 5-month low of 60.6 in June, whereas the IHS-compiled euro area PMI rose to another record high. The U.S.-minus-Ezone differential between those two indicators of -2.8  in June was the most advantageous to Euroland such has been since January 2016. If the dollar continues […] More

New Overnight Developments Abroad - Daily Update

Evidence of Two-Speed Post-Pandemic Recovery and Some Encouraging News on the Inflation Front

July 1, 2021

The first day of July brought a slew of manufacturing purchasing manager surveys. Recovery from the Covid recession is developing faster than than the upswing from the Great Recession, but countries that have been forced to reimpose restrictions on social gathering are seeing their recoveries lag others. Currencies are also becoming more aligned with Covid-management […] More