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Better-than-Expected PMI Scores in Most Cases

February 1, 2012

Investors started February in a good mood, bidding up stocks and commodities.  The catalysts for this guarded optimism were Most manufacturing purchasing manager indices suggested that European recessionary forces may be lessening. Rumors of further progress in hammering out a bailout deal for Greece. Lessening pressure on Portuguese sovereign debt. Some upside surprises in other […] More

Month-end Data Deluge and Better Market Tone

January 31, 2012

Riskier assets were better bid on the final day of January. Stocks are mostly higher.  The dollar is down.  Commodities and bond yields rose. The dollar has fallen 1.2% against the kiwi, 0.7% relative to the Aussie dollar, 0.5% against sterling, the euro, yuan and Swiss franc, and 0.6% versus the loonie. The euro touched […] More

EU Finance Ministers Meeting Today

January 23, 2012

A slow start to the week, as many Asian markets were closed for the Lunar New Year holiday.  Closed markets include Hong Kong, China, South Korea, Indonesia, Malaysia, The Philippines, Taiwan, Singapore and Vietnam.  In contrast to today, Tuesday through Friday each have big event and data calendars this week. European finance ministers will be […] More