manufacturing purchasing manager surveys
Uneven Start to 2023 as Some, but Not All, Countries Observe Holiday
January 2, 2023
Although the most widely observed holiday closure of the calendar year, New Year’s Day in 2023 fell on a Sunday. The holiday has been extended to Monday in many countries, including the United States, Great Britain, Russia, Switzerland, South Africa, Nigeria and much of Africa, Serbia, Romania, Slovenia, Ireland, Lebanon, Slovakia, Bulgaria, Romania, Japan, Hong […] More
Manufacturing in Recession Here, There and Just About Everywhere
December 1, 2022
November purchasing manager surveys released today paint a very gloomy picture, with activity declining at the fastest pace since May 2020 (near Covid ground zero) in the United States (according to both the ISM and S&P Global reports), Brazil, Australia (AIG survey), Turkey, Ireland, Czech Republic, and Sweden. Japan’s PMI index got revised downward and […] More
Summits and Manufacturing PMI Releases
November 1, 2021
All Saints Day 2021 marked the end of one summit and start of another and the release of manufacturing purchasing manager surveys for a number of economies. In overnight market action, Equities rallied 2.6% in Japan, over 1% in India, and so far between 0.8% and 1.2% in Germany, France, Italy and Spain. U.S. stock […] More
Inflation Worries Continue to Rattle Financial Markets
October 1, 2021
The week-long Chinese national holiday began Friday, but elsewhere in the Pacific Rim equities closed down 2.3% in Japan, 2.2% in Taiwan, 2.0% in Australia, 1.7% in South Korea and 1.2% in Singapore. Share prices so far in the U.K., Germany, France, Spain, Italy, and Switzerland have lost 0.6-1.0% on this first trading day of […] More
Commodity Prices, Equities, and Dollar Strengthen
February 1, 2021
Today’s speculative move of the day involves silver, which briefly edged above $30 per ounce and currently shows a net daily gain of slightly more than 10%. The prices of gold and oil are each up 0.8%. Share prices in the Pacific Rim surged 5% in India, 3.5% in Indonesia, 2.7% in Hong Kong and […] More
Start of a Fresh Month Sees Dollar Drop and Share Prices Resume Their Rise
December 1, 2020
A slew of manufacturing purchasing manager surveys taken in November were released today. Fed Chairman Powell and Treasury Secretary Mnuchin testify before the Senate Banking Committee today on the Cares Act. After dipping on Sunday, Covid cases and the death count turned upward over the past 24 hours both globally and in the United States. […] More
Dollar Little Changed But Equities Rebound on Day Before U.S. Election
November 2, 2020
U.S. stock futures point to a rise of more than 1.0% at today’s open. Overseas, share prices closed up 1.5% in Hong Kong and South Korea and by 1.4% in Japan, and key European bourses currently show rises of 1.8% in France and Italy, 1.7% in Germany, 1.4% in Switzerland, 1.3% in Spain and 1.1% […] More
PMI Surveys, Post-Brexit Britain, and Coronavirus Concerns Vie for Market’s Attention
February 3, 2020
The dollar advanced today by 1.5% against sterling and 1.2% against China’s renminbi. The European Union’s lead trade negotiator expressed doubt that a trade deal with the U.K. similar to what Britain shares with Canada can be reached this year. China’s stock market dived 7.7% on the first trading day after the New Year holiday […] More
Geopolitical Strains, Weak Data, and a Poor Bond Auction as New Quarter Kicks Off
October 1, 2019
As China observes National Day, increasingly violent protests in Hong Kong evoked a Kent State moment as one protester has been shot there. Half a world away, President Trump’s team stepped up its manhunt for the impeachment whistle blower. Britain, too, is convulsed by its own constitutional crisis, ans the Conservative Party prepares for its […] More
Evidence of Intensifying Price Pressure Around the World
February 1, 2018
The dominant theme of manufacturing PMIs for January was a further significant pickup in cost pressure related to a variety of factors such as more elevated oil prices, faster growth in demand than capacity, and the falling value of the dollar. U.S. unit labor costs jumped 2.0% between the third and fourth quarters of last […] More
