British and Canadian retail sales
Stronger Dollar After Weak European Preliminary November Purchasing Managers Survey
November 22, 2024
The dollar was already experiencing a post-U.S. election flight-to-safety rally. Elections have a propensity to introduce uncertainty. With other branches of the government on his side, President-Elect Trump plans several policy changes that will make economic life more difficult in other countries. The preliminary findings of November purchasing manager surveys confirmed heighted anxiety, weaker growth […] More
Nascent European Recovery Suffered a Setback in June
June 21, 2024
Euroland’s composite purchasing managers index dropped 1.3 points to 50.8 this month, according to preliminary findings. This 3-month low defied market expectations of a further advance above the 50 neutral level, having previously risen from 46.5 last October to 52.1 in May. A deceleration in demand strength suggests June’s drop is unlikely to be a […] More
Week of Bad News Limping to a Close
August 20, 2021
Equity markets experienced another difficult day in Asia but have showed scant net change so far in Europe or the United States. Share prices closed down 1.8% in Hong Kong, 1.2% in South Korea, 1.1% in China and 1.0% in Japan. The weighted DXY dollar index touched a 9-month high of 93.73 overnight but is […] More
