Manufacturing PMIs
Perfect Storm: Tariff D-Day, U.S. Labor Market Shocker and A Lot of Other Data to Digest
August 1, 2025
It’s been a bad day for the dollar and equities. The weighted DXY dollar index has sunk 1.2%, led by 1.3% drops against the euro and Japanese yen and a 1.0% drop against the Swiss franc so far. The greenback has also fallen 0.7% relative to the Australian dollar and 0.5% versus sterling and the […] More
Market Activity Muted by U.S. and Canadian Labor Day Holidays, But Manufacturing Purchasing Manager Surveys Reported for Many Other Economies
September 2, 2024
The dollar climbed 0.5% against the Japanese yen, but the weighted DXY dollar index is unchanged. Equity indices have edged 0.1% lower in Germany, France, Italy, Great Britain and Spain. Greater volatility was experienced in Asian share prices including gains of 1.1% in China, 0.9% in New Zealand, and 0.6% in Singapore but also a […] More
Leaving Equities for Safer Ground
April 2, 2024
The DOW, S&P 500 and Nasdaq are 1.0% or more in the red today. Equity markets in Germany, France and Italy are down by a similar magnitude, while the Japanese and Australian share prices have barely moved. Comparatively hot activity and price data have unnerved investors’ appetite for risk, and the start of a new […] More
Averted U.S. Government Shutdown Hasn’t Changed Financial Market Dynamics
October 2, 2023
The approved continuing resolution to keep the U.S. government running is only a temporary 48-day remedy. Moreover, it removes a downside short-term risk to U.S. growth and therefore a potential deterrent to Fed officials raising interest rates additionally this quarter. Ten-year sovereign debt yields rose overnight by six basis points in the United States, four […] More
Weighted Dollar Strengthens to Three-Week High, While Bitcoin Weakens to Six-Week Low
August 1, 2023
The dollar strengthened overnight by 1.3% against the Australian dollar, 0.9% versus the New Zealand dollar, 0.6% vis-a-vis the Canadian dollar, 0.5% relative to the Japanese yen, 0.4% against the Swiss franc and sterling, 0.3% versus the Chinese renminbi and Mexican peso, but just 0.2% against the euro. The price of Bitcoin tokens dropped 1.2%. […] More
Factory Purchasing Manager Surveys, An Australian Central Bank Rate Hike, and Much More
May 2, 2023
It’s been a busy Tuesday from an event and data-release standpoint, but financial market movements have been more measured. Drops of 1.0% against the Australian dollar and 0.7% versus the New Zealand dollar followed the Reserve Bank of Australia’s 25-basis point rate hike after having paused tightening in March. Against other currencies, however, the dollar […] More
A Sign Emerges that Supply Constraints May Be Easing, but Investors Remain Bearish
July 1, 2022
Today’s been another fine day for the dollar. Thus far, the greenback shows gains of 1.6% against the Australian dollar, 1.5% versus the Swiss franc, 1.3% relative to the kiwi, 0.8% vis-a-vis sterling, 0.4% against the Canadian dollar but just 0.2% against the euro and zero percent against the Japanese yen and Chinese yuan. Equity […] More
Russia Escalates Military Conflict.. Biden’s State of the Union Address Tonight
March 1, 2022
The fighting in Ukraine was even more intense on Tuesday, as Russian forces try for a quick knockout of that country. Meantime, Western sanctions are paralyzing the Russian economy and financial system. As on Monday, equity markets attempted a rebound in the Pacific Rim, but stocks got clobbered in Europe. Markets closed up 1.2% in […] More
Opening Bell on 2022
January 3, 2022
Some financial markets such as those in Japan, China, Great Britain, Australia, and New Zealand remained closed on this first business day of 2022. But manufacturing sector purchasing managers surveys were reported for many economies, and some price data were released, too. In market activity, the dollar held steady against the Japanese yen and Chinese […] More
Evidence of Two-Speed Post-Pandemic Recovery and Some Encouraging News on the Inflation Front
July 1, 2021
The first day of July brought a slew of manufacturing purchasing manager surveys. Recovery from the Covid recession is developing faster than than the upswing from the Great Recession, but countries that have been forced to reimpose restrictions on social gathering are seeing their recoveries lag others. Currencies are also becoming more aligned with Covid-management […] More
