Manufacturing PMI surveys

Dollar Loses More Ground as Trump’s Reelection Prospects Improve

September 1, 2020

On the heels of a weak performance in August, the dollar fell another 0.8% against sterling overnight and also lost 0.5% relative to the euro, kiwi, and peso, 0.4% versus the yuan, 0.3% vis-a-vis the loonie, and 0.1% against the yen and Australian dollar. It also costs more dollars today than yesterday to buy commodities […] More

Mounting Evidence of Slower Growth in Europe and Japan

March 1, 2019

Stock markets rallied in Asia on hopes for a U.S.-Chinese trade deal soon. Share prices climbed Friday by 1.8% in China, 1.3% in Hong Kong, 1.0% in Japan, 0.9% in Indonesia and 0.6% in India. The black sheep was South Korean equities, which dropped 1.8% further following the collapsed U.S./North Korean denuclearization talks. Equities in […] More

Continuing Parade of March Purchasing Managers Surveys

April 3, 2018

While many markets had remained shut for Easter Monday, U.S. equities plunged yesterday, led by technology issues. Today in earlier trading, markets have paused comparatively speaking. Stocks closed down only 0.8% in China, 0.6% in Taiwan, and 0.5% in Japan and Singapore, and the Hang Seng rose 0.8%. Likewise, stocks in Europe have fallen 0.9% […] More

A British PMI Surprise and Trump Sticks It to Mexico

September 1, 2016

The British manufacturing purchasing managers index rebounded sharply from a 41-month low of 48.3 in July to a 10-month high of 53.3 in August. Brexit fears are receding either because a favorable reassessment of its near-term threat or because of confidence the macroeconomic stimulus will amply counter Brexit’s drag. Sterling advanced 0.8% against the dollar […] More

Tankan, Manufacturing PMIs, and U.S. Jobless Claims Data Released

October 1, 2015

The dollar traded up 0.4% against the Swiss franc and 0.2% against the euro but has declined by 0.8% versus the Aussie dollar, 0.7% relative to the kiwi, 0.4% vis-a-vis the loonie and 0.1% against the yen and sterling.  The yuan remained unchanged. After a difficult September, Comex gold is unchanged at $1,115.03 per ounce. […] More

Euro Rose on the First Business Day of March

March 2, 2015

The dollar kicked off a new month with gains of 0.5% against the kiwi, 0.4% relative to the Australian dollar, 0.3% against sterling, 0.2% versus the yuan, loonie and Swiss franc, and 0.1% vis-a-vis the yen but loss of 0.3% against the euro. The 12-month rate of consumer price decline in the eurozone was halved […] More

Manufacturing Gap Between the United States and Euroland Narrowed Last Month

February 3, 2015

The U.S. minus Ezone factory purchasing managers spread fell to 2.5 points in January from 4.5 points in December and 7.5 points in November.  This was the smallest manufacturing gap between the two economies in nine months.  A sharp depreciation of the euro, which in January averaged $1.162 or 16% less than in March-April of […] More

Mounting Possibility of a Near-Term ECB Interest Rate Cut

November 1, 2013

The euro fell 0.5% on net overnight and got below its 20-day average to as low as $1.3507.  There’s talk in the wake of CPI data released yesterday that the ECB may soon cut interest rates.  Total and core consumer prices in the year to October advanced just 0.7% and 0.8%, respectively.  The Ezone jobless […] More