ISM Report Shows US Manufacturing Had A Solid November
The November US ISM manufacturing index came in better than expected. It posted a headline figure of 52.7 which was 1.9 points higher than Octobers reading of 50.8. Overall today's report should help bolster the risk on trade, in which investors
Like Dominoes, Euro Regions’ PMI Data Topples after China
Following a decline in today’s release of China’s two Purchasing Managers’ Index surveys, it was no surprise to see the broader Eurozone readings move lower, as well. It began in Switzerland where the PMI data fell beyond expectations, dropping t
China's Manufacturing Contracts in Nov., Trouble for 2012
Manufacturing data from China for the November period was not pretty, with the government's (CFLP) Manufacturing PMI falling to 49.0 from 50.4 in October, meaning the sector contracted for the month. It was also lower than expectations of a decli
Preview: US ISM Manufacturing Index Likely To Be Strong
The expectation for the ISM manufacturing index (PMI) is that the manufacturing sector increased its pace of expansion, with the headline index forecast to rise to 51.6-52.0 from Octobers 50.8. The past 4 months the US manufacturing sector has co
Durable Goods Orders Drop Less Than Expected
As anticipated, US durable goods orders declined in the month of October, confirming Federal Reserve fears that output in the world’s largest economy continued to remain weak. According to data from the US Commerce Department, durable orders dec
Preview: US Orders, Claims, Spending, Confidence
The list of releases tomorrow includes durable goods orders, personal spending and incomes figures, the latest reading on jobless claims, as well as the final version for University of Michigan consumer sentiment index. Consideration of US econom
Preview: China’s Manufacturing PMI Data Importance This Week
Over the weekend we heard some downbeat comments from the Vice Chairman, warning of a prolonged global slump. With attention focused on what the next move by China's central bank will be - including expectation of a switch to more loosening steps
China's Yuan Could Challenge Dollar -US Commission
China's economy is moving up the value chain and its currency could "mount a challenge" to the U.S. dollar in five to 10 years, a congressionally created commission reported.
European Macro Data Re-Affirms Draghi’s Case of Recession
Macro data today showed both consumers retrenching in the Euro-zone, while German industrial output stumbled in September. The news strengthens the case presented by new ECB President Mario Draghi that the euro zone may be headed for a mild reces
In Setback for Swiss Economy, Manufacturing Contracts in Oct
In another setback to the macro picture for Switzerland's economy we saw the manufacturing sector contracting in October. The SVME PMI fell to 46.9 from 48.2 in September. Kahneman said forecast reading of 47.7 and as with all of our purchasing m
UK: Despite Better 3Q GDP, Oct Manufact. PMI Signals Poor 4Q
In what is a busy day of fundamental new us today's UK macro release is painted a mixed picture, with a poor manufacturing PMI overshadowing slightly better-than-expected reading from 3Q GDP. The releases and general risk aversion in the markets
Intervention Gives Japan Exporters A Break, But For How Long
The Japanese government's massive currency market intervention Monday threw the country's exporters a lifeline just as many of them are reporting bad earnings and plans to move production overseas.The amount of yen Tokyo unloaded is.....


