Euroland service sector PMI

A Negative U.S. Jobs Surprise and Global Covid Cases Climbs Above 200 million Threshold

August 4, 2021

Wednesday brought two pieces of discouraging news. ADP’s 330k monthly estimate of private U.S. employment growth in July was only about half as much as forecasters were anticipating, down from a 2Q average of 729k per month, and the lowest increase since February. Fed officials have made clear that labor market trends will exert very […] More

Greater Focus on the Economic Devastation of the Covid-19 Pandemic

May 6, 2020

The dollar appreciated overnight by 0.7% against the Mexican peso, 0.5% versus the British pound and Chinese yuan, 0.4% relative to the euro, 0.3% vis-a-vis the loonie, but just 0.1% against the Swiss franc and Aussie dollar. The dollar also lost 0.3% against the Japanese yen. Japanese markets remained shut for the last of the […] More

A Steady Dollar

November 6, 2019

The dollar on balance remains near Tuesday closing levels. Gold is 0.3% firmer. The spate of recent increases in 10-year sovereign debt yields was reversed today with 3-basis point declines in U.S. Treasuries and British gilt yields and a dip of 1 basis point in the 10-year German bund yield. The Japanese 10-year JGB yield, […] More

Faster Non-Manufacturing Growth in the U.S. and Euroland

October 4, 2017

The Institute of Supply Management reported a big 4.5-point jump during September in the U.S. non-manufacturing purchasing managers index. At 59.8, such signaled the quickest expansion of activity since August 2005. Sub-components for new business, prices, and production increased by 8.4, 5.9 and 3.8 points, respectively. IHS Markit Economics calculated a 1.1-point increase in Euroland’s […] More

css.php