Results for PMI
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Fragile Calm Returns and Powell's Anti-Inflation Rhetoric Ratchets Up

December 01, 2021
Overview:  Into the uncertainty over the implications of Omicron, the Federal Reserve Chairman injected a particularly hawkish signal into the mix in his testimony before the Senate.  These are the two forces that are shaping market developments.  Travel restrictions are being tightened, though the new variant is being found in more countries, and…
Fragile Calm Returns and Powell's Anti-Inflation Rhetoric Ratchets Up Fragile Calm Returns and Powell's Anti-Inflation Rhetoric Ratchets Up Reviewed by Marc Chandler on December 01, 2021 Rating: 5
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RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure

November 02, 2021
Overview: The third record close of the S&P 500 failed to lift Asia Pacific and European shares today.  In Asia, the large bourses fell, except South Korea, which rallied a little more than 1%.  Europe's Stoxx 600 is threatening to snap a three-day advance, while US index futures are soft.  The US 10-year yield is firm, around 1.56%.  Euro…
RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure RBA Jettisons Yield Curve Control but Continues to Resist Market Pressure Reviewed by Marc Chandler on November 02, 2021 Rating: 5
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US-EU Rapprochement, Can France and UK Do the Same?

November 01, 2021
Overview:  It is mostly a quiet start to the new month.  Most of Europe is closed for the All -Saints holiday and the week's key events start tomorrow with the Reserve Bank of Australia meeting.  News that the Liberal Democrats retained a majority in the lower chamber of the Diet helped lift Japanese indices by 2%.  Most of the large regional …
US-EU Rapprochement, Can France and UK Do the Same? US-EU Rapprochement, Can France and UK Do the Same? Reviewed by Marc Chandler on November 01, 2021 Rating: 5
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Much Ado, but Barring Significant Downside Surprise, August Jobs Report will not Stand in the Way of Fed Tapering Much Ado, but Barring Significant Downside Surprise, August Jobs Report will not Stand in the Way of Fed Tapering Reviewed by Marc Chandler on September 03, 2021 Rating: 5
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The Dollar Begins September Heavier (Mostly)

September 01, 2021
Overview: The new month begins with risk appetites bolstered by stronger than expected PMI reports helping lift equity markets after the pause in the US yesterday.  The MSCI Asia Pacific Index extended its advance for a fourth session, led by 1%+ gains in Japan, China's CSI 300, and Singapore.  Europe's Dow Jones Stoxx 600 is at a new two-…
The Dollar Begins September Heavier (Mostly) The Dollar Begins September Heavier (Mostly) Reviewed by Marc Chandler on September 01, 2021 Rating: 5
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Risk Appetites Return from Holiday

August 23, 2021
Overview: After an ugly week, market participants have returned with strong risk appetites.  Equities are rebounding, and the greenback is paring recent gains.  Bond yields are firm, as are commodities.  Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan.  The …
Risk Appetites Return from Holiday Risk Appetites Return from Holiday Reviewed by Marc Chandler on August 23, 2021 Rating: 5
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New Record Cases in Sydney Casts a Pall over Australia

July 23, 2021
Overview: The combination of the dovish ECB's forward guidance and the unexpected rise in weekly US jobless claims to a two-month high sent bond yields tumbling.  The US 10-year pulled back from 1.30%, and benchmark yields in the eurozone fell to new 3-4 month lows. The $16 bln 10-year TIPS auctioned yesterday resulted in a record low yield of…
New Record Cases in Sydney Casts a Pall over Australia New Record Cases in Sydney Casts a Pall over Australia Reviewed by Marc Chandler on July 23, 2021 Rating: 5
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The Greenback is Bid to Start the Second Half

July 01, 2021
Overview: Soft Asian manufacturing PMIs weighed on local shares after the S&P 500 set new record highs yesterday.  European shares are recouping yesterday's month-end losses, while US futures indices are bid.  The US 10-year yield is around 1.47%, and European yields are 1-2 bp higher.  The dollar is beginning the quarter on firm footing, …
The Greenback is Bid to Start the Second Half The Greenback is Bid to Start the Second Half Reviewed by Marc Chandler on July 01, 2021 Rating: 5
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Japan Retains Distinction of being the only G7 Country with Sub-50 PMI Composite Japan Retains Distinction of being the only G7 Country with Sub-50 PMI Composite Reviewed by Marc Chandler on June 23, 2021 Rating: 5
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