Euroland PMIs
Investors Sifting Through Diverse Array of Market Movers
August 23, 2018
The dollar rose 0.8% against the Aussie dollar, 0.3% relative to the Mexican peso and kiwi, 0.2% versus the yen, and 0.1% against the euro and sterling. The dollar slipped 0.3% against the Chinese yuan, 0.2% relative to the Swiss franc and 0.1% vis-a-vis the loonie. Stock markets in European and Asia have also produced […] More
Many Central Bank Decisions and Released Data for Markets to Digest
December 14, 2017
The People’s Bank of China raised short-term interest rates by 5 basis points. The modest tightening was the first in nine months and painted as a response to the Fed’s rate hike on Wednesday. The ECB Governing Council left its interest rate structure unchanged. This includes a negative 0.40% overnight deposit rate. Officials reiterated that […] More
House Vote, Some PMI Results, and Divergent Interest Rate Moves
March 24, 2017
It’s deja vu this Friday. The repeal and replace vote in the U.S. House of Representatives to replace the ACA with the Republican Insurance Policy, which was scheduled for Thursday, is to happen instead today. President Trump wants no more negotiations on this. The result looms as a huge test of the new president’s ability […] More
Wednesday Before Thanksgiving Rundown
November 23, 2016
The dollar gained broad ground, closing near the day’s highs including 112.53 per yen. Japanese markets were closed for Labor Thanksgiving. Stocks and bond yields climbed. Gold fell below $1,200 per ounce and WTI oil touched $48.0 per barrel. Bank Negara Malaysia retained a 3.0% overnight policy rate as expected. Preliminary PMI surveys were reported […] More
Favorable Developments
October 24, 2016
Stocks strengthened. Long-term bond yields slipped a bit. Preliminary purchasing managers indices in October beat expectations. Japan’s trade surplus widened on better-than-anticipated exports. Portugal’s credit rating avoided a downgrade. Spain’s stalled politics took a step forward. Corporate news has been more supportive than assumed. The dollar is narrowly mixed. it’s up 0.2% against the yuan […] More
Weaker Canadian, Australian and U.S. Dollars
January 23, 2014
The U.S. dollar rose overnight by 1.0% against the Aussie currency and 0.6% versus the loonie but is down 0.9% relative to the Swiss franc, 0.3% against the yen and euro and 0.1 vis-a-vis sterling. The kiwi dipped 0.1%, and the yuan is steady. Preliminary euro area purchasing manager January survey results are somewhat better […] More
Attention to Central Banks and PMI Data
November 21, 2013
The Bank of Japan did not change monetary policy nor its economic assessment but did upgrade its view of overseas economic conditions. Governor Kuroda talked confidently about economic trends and the achievements so far of quantitative and qualitative monetary stimulus. Chatter continues after FOMC minutes proved a bit more hawkish than expected. Reserve Bank of […] More
European Stocks Up in First Post-Easter Trading
April 2, 2013
Equities have risen 1.2% in France and Germany, 1.0% in Britain, 0.7% in Spain and 0.4% in Italy. Most of Europe was shut for Easter Monday yesterday. The Cypriot exchange also finally reopened. Stocks in the Pacific Basin closed mixed with drops of 1.3% in The Philippines, 1.1% in Japan, 0.5% in South Korea and […] More
Overnight Markets Uneasy
February 21, 2013
Equities dropped 3.4% in China, 2.3% in Australia, 1.7% in Hong Kong, 1.6% in India, 1.4% in Japan, 1.2% in Thailand, and 1.0% in New Zealand. In Europe, share prices have so far slumped 2.9% in Italy, 1.9% in Germany and France, 1.8% in Spain and 1.7% in Britain. Bonds were hit in Europe. The […] More
Manufacturing Purchasing Managers Spread Widened Last Month
September 1, 2011
Manufacturing in the euro area contracted last month for the first time since July 2009 as the region’s PMI index fell 1.4 points to 49.0. Sub-50 readings were registered in France (49.1), Italy (47.0), Ireland (49.7), Spain (45.3), and Greece (43.3). Germany (50.9) and the Netherlands (50.7) had scores barely above the 50 breakeven line. […] More
