Euroland manufacturing PMI
Markets Came Away With a Positive Spin on Powell’s Press Conference
November 2, 2023
Equities rallied overnight on greater speculation that Fed officials might not raise interest rates again in this tightening cycle. Share prices on Thursday closed up 2.2% in Taiwan, 1.8% in South Korea, 1.7% in New Zealand, 1.6% in Indonesia, 1.1% in Japan, and 0.8% in India and Hong Kong. Today’s rises so far around major […] More
Marking Time Ahead of Powell’s Press Conference and Amid Whiffs of Possible Change
November 2, 2022
Another 75-basis point Federal Reserve interest rate hike appears highly likely today and is discounted in the marketplace. Investors are focused on how monetary policy will evolve afterward, as hints of smaller increases from December have been floated. The Fed announcement arrives at 18:00 GMT, but a macroeconomic forecast update isn’t scheduled until next month’s […] More
Investors Upbeat In Spite of Worrisome Covid Trends
August 2, 2021
Share prices on the first business day of August in the Pacific Rim closed up 2.0% in China, 1.8% in Japan, 1.5% in Taiwan, 1.3% in Australia, 1.2% in New Zealand, 1.1% in Hong Kong, and 0.7% in South Korea. Gains so far in Europe amount to 0.9% in France, 0.8% in Spain, 0.6% in […] More
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
Trump Dangles Possibility of Trade Deal with China Before Market Ahead of Mid-Term Election
November 2, 2018
U.S. President Trump claimed trade talk progress after phone conversation with Chinese President Xi Jinping and instructed his cabinet to frame a possible trade deal with China before the G20 summit November 30-December 01 in Buenas Aires. The timing of this development four days ahead of U.S. mid-term elections is conspicuous. Stock markets around the […] More
More Purchasing Manager Surveys Released
November 4, 2013
Japanese markets were shut this Monday as the country observed the Culture Day holiday. Equities in the Pacific Rim mostly softened slightly, with drops of 0.7% in South Korea, 0.6% in the Philippines, 0.4% in Australia and Taiwan, 0.3% in Hong Kong, 0.2% in Indonesia, China and Malaysia and 0.1% in New Zealand. But share […] More
U.S. Manufacturing Advantage over Ezone Extended in February
March 1, 2013
Purchasing manager survey data indicate that the United States last month enjoyed its widest advantage over the euro area since July, although such was just as good in October. The difference between the two indices is shown in the column below labeled “spread.” The U.S. reading of 54.2 was 1.1 points greater than in January […] More
U.S.-Minus-Ezone Manufacturing PMI Differential Widened Last Month
October 1, 2012
The U.S. manufacturing purchasing managers index climbed back above the 50 no change level after three straight sub-50 readings, while Euroland’s counterpart stayed below the 50 threshold for a fourteenth straight month. The spread between the two indices widened by 0.9 to 5.4 points. The United States has enjoyed an advantage versus Euroland since August […] More
