Manufacturing PMIs

No Fooling: Today’s Economic Data Show Improvement but Covid Cases on the Rise Too

April 1, 2021

On this opening day of April, the dollar is unchanged against the yen, sterling and New Zealand dollar. The greenback has dipped 0.1% versus the euro and fallen 0.8% against the Turkish lira and 0.5% vis-a-vis the Mexican peso, but the dollar also has risen 0.3% against the Chinese yuan and Canadian dollar, 0.2% versus […] More

2021 Starting the Way 2020 Ended

January 4, 2021

The dollar fell 1.0% against the yuan, 0.7% versus the euro, Swiss franc and Mexican peso, and hit multi-year lows against several currencies. Share price futures point to a higher open in U.S. equity trading after the New Year’s Day holiday. Stock markets rose 2.1% in Indonesia, 2.5% in South Korea, 1.2% in Taiwan, and […] More

Fourth Quarter Starts with Lower Dollar, Firmer Equity Prices, and a Slew of Manufacturing PMI Surveys

October 1, 2020

The dollar fell overnight by 0.5% against the Swiss franc, Australian dollar, kiwi and sterling, by 0.4% versus the euro and by 0.2% relative to the Canadian dollar. A particularly sharp 1.5% drop came at the expense of the Mexican peso. The dollar is steady against the yen. U.S. Covid-19 cases increased 42.5k over the […] More

U.S. and Euro Area Manufacturing Conditions Improved Last Month

August 3, 2020

The U.S. manufacturing purchasing managers index of the Institute for Supply Management rose 1.6 points to a 16-month high of 54.2 in July. That performance was exceeded nonetheless by the IHS-compiled PMI for Euroland, which jumped 4.4 points to 51.8. Being each above 50, the data signify a faster U.S. improvement in business conditions during […] More

Stocks and Dollar Mostly Up Despite Concerns on Three Fronts

August 3, 2020

The relentless Covid-19 virus remains a top concern. The number of global cases jumped three quarters of a million this time last Friday to 18.2 million, and the U.S. share of that total is fast approaching 700k. Warnings have been made that renewed lockdowns may be necessary. News on vaccine development has been promising, but […] More

Stock Markets Open Third Quarter on a Downbeat Despite Higher Factory PMI Readings

July 1, 2020

Share prices fell 0.8% in Japan and show daily losses so far of about 1.5% in Germany, France, Italy and Spain. The British Ftse is 1.1% weaker, and U.S. futures point to a drop at the open. Euroland’s June purchasing managers index printed at a 4-month high of 47.4, which is half a point above […] More

Equities around the World Hammered by Weak Data, Low Confidence, and Pompeo’s China Accusation

May 4, 2020

Share prices in Asia closed down 5.9% in India, 4.2% in Hong Kong, 2.7% in South Korea, 2.5% in Taiwan, 2.4% in Indonesia, and 2.3%  in Singapore. European markets have so far lost 3.9% in France, 3.0% in Italy, 3.5% in Germany, and 2.6% in Spain. U.S. equity futures are struggling, too. Japan is closed […] More

Greatest U.S. Manufacturing Advantage Over Euro Area in 11 Months

April 1, 2020

The U.S. ISM-compiled manufacturing purchasing managers index fell 1.0 points to a 3-month low of 49.1 in March. However, Euroland’s IHS-compiled PMI dropped by a much greater 4.7 points to a 92-month low and, as a result, America’s comparative advantage– calculated by subtracting the Ezone score from the U.S. reading — increased by 3.7 points […] More

Market Strains in Spite of Some Better-than-Feared Economic Data

April 1, 2020

The second quarter and Japan’s new fiscal year began on a difficult note for world financial markets. The Japanese Nikkei slumped 4.5%, while markets in India, South Korea, Hong Kong, Indonesia, and Singapore closed down 4.1%, 3.9%, 2.2%, 1.6% and 1.4%. The German Dax and Paris Cac are currently each 4.1%, while share price losses […] More

Dollar, U.S. Share Prices and 10-Year Treasury Yield Fall

March 2, 2020

The mood of investors turned dark again even before the U.S. market open in spite of overnight share price rebounds of 3.2% in China, 1.0% in Japan, 0.8% in South Korea and 0.6% in Hong Kong. A brief respite was aided by special statement from Fed Chairman Powell: The fundamentals of the U.S. economy remain […] More

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