British PMI

May Day 2018

May 1, 2018

A slew of countries are observing May Day holiday closures to honor workers. These include India, China, Hong Kong South Korea, Taiwan, Indonesia, Singapore, Italy, Spain, Switzerland, Greece, Germany, France, Mexico, Norway, South Africa, and Brazil. The main market-sensitive developments are 1) a batch of weak British data weighing on sterling and 2) U.S. President […] More

Risk Off Trading Boosts Yen and Dollar

May 3, 2011

Three factors are weighing on investors’ appetite for risk: the possibility of Al Qaeda reprisals, an unexpectedly sharp drop in Britain’s purchasing managers index, and a greater-than-anticipated interest rate hike in India. The yen rose 0.5% against the dollar and is again stronger than 81.0.  The dollar otherwise advanced by 1.0% against sterling, 0.7% relative […] More