purchasing manager surveys
Sterling’s the Biggest Loser Against a Strengthening Dollar
February 22, 2016
Sterling fell 2.0% against the U.S. currency, which also has risen 0.9% against the euro, 0.8% relative to the Swiss franc and 0.5% vis-a-vis the yen. Emerging market currencies and commodity-sensitive monies have also performed well this Monday. The U.S. dollar lost 1.1% against the Aussie dollar, 0.4% versus the kiwi, 0.5% against the rand […] More
After FOMC Minutes, a Bunch of New Data Releases and ECB Minutes
May 21, 2015
FOMC minutes released late yesterday suggest that a June rate hike is possible but improbable. Today’s release of ECB Governing Council minutes, known formally as the “ECB Account,” reflect determination to complete the entire program of quantitative easing scheduled to run through September 2016, satisfaction with how QE is working thus far, but continuing frustration […] More
Scant Change in the Dollar on a Busy Data Release Day
November 20, 2014
The dollar has dipped 0.1% against the loonie, kiwi, and yuan and edged 0.1% higher versus the euro, Swissie and Australian dollar. Sterling is steady. The yen is down 0.2% on balance but touched new lows for the move overnight of 118.99 per dollar and 149.17 per euro. In the past two years since November […] More
Little Growth and Even Less Inflation
October 23, 2014
As on Wednesday, data released today have accentuated subdued growth and disinflation. The kiwi fell 1% against the U.S. dollar, which otherwise shows no change against the loonie, Australian dollar or yuan, downticks of 0.2% relative to the euro and Swiss franc, and rises of 0.3% vis-a-vis the yen and 0.2% against sterling. Share prices […] More
Many Markets Closed for May Day
May 1, 2014
Activity has been generally quiet but liven up when several U.S. indicators get released later. There’s been little reaction to yesterday’s FOMC statement, which contained no surprises. Scheduled U.S. data releases include personal income and spending, the manufacturing purchasing managers survey, motor vehicle sales, construction spending and weekly jobless insurance claims and Bloomberg-compiled consumer comfort. […] More
Festering Geopolitical Tension and Mixed Purchasing Manager Survey Developments
March 24, 2014
The dollar opened unchanged against the loonie, kiwi, and sterling in the final week of the first quarter. Itis up 0.4% against the Swiss franc, 0.3% versus the yen and 0.2% relative to the euro but down 0.3% against the Australian dollar. Despite another deterioration in Chinese manufacturing, Chinese equities and the yuan advanced by […] More
German Election Results and Preliminary September Chinese and Euroland PMI Readings
September 23, 2013
Japan was closed in observance of the autumnal equinox. The right-of-center Christian Democrats and Christian Social Union did much better than forecast. Those sister parties picked up 72 seats in German national parliamentary elections to fall just marginally under securing an absolute majority. Angela Merkel is assured of a third four-year term as German Chancellor. […] More
Higher Service-Sector PMI Readings in the United States and Euroland Plus Comments on Other U.S. Statistics Released Today
December 5, 2012
The service-sector purchasing manager indices rose in November by 0.5 points in the United States and 0.7 points in the euro area. The spread between those readings narrowed marginally to +8.0 points as a result. Notably, U.S. services at 54.7 and comfortably above the 50 no-change level connotes non-stalling expansion, whereas Euroland’s 46.7 points to […] More
Factory Conditions Continued to Deteriorate in the U.S. and Euroland
August 1, 2012
It was disappointing but predictable that Euroland’s downturn in manufacturing continued in July. Germany, France, Italy and Austria had lower readings in July than June, and each was below the 50 no-change line. In a surprise, Germany’s score of 43.0, a 37-month low, indicated a steeper rate of contraction than last month in France, Italy, […] More
Poor European PMI Results Reported as Markets Now Await U.S. Jobs Data
May 4, 2012
April purchasing managers readings strongly suggest the Euroland entered the second quarter still in recession. Japan was closed for Greenery Day, another part of the Golden Week holidays. Analysts are forecasting a 170K increase in U.S. non-farm payroll jobs and an unchanged 8.2% unemployment rate. Figures are due at 08:30 EDT (12:30 GMT). Beyond the […] More