Germany PMI composite rose to 47.1, milder recession but inflation remains high
Germany’s November PMI data indicates a modest improvement in its economic situation, albeit still within […]
France PMI composite falls to 44.5, continued contraction in a dead-end
Recent PMI data for France underscores a deepening economic downturn. Manufacturing PMI dropped to a […]
US Stock Markets Extended Their Path Towards 2023 Tops
Markets The US 2-yr yield tested the post-CPI high (4.94%) yesterday following the release of […]
Delay is No Good Sign
OPEC decided to delay this weekend’s meeting to next week because talks between Saudi and […]
Stronger EU Opposition as Dutch Politics Turn Right
Market movers today Today will be the most exciting day of the week on the […]
Weekly Economic & Financial Commentary: FOMC Proceeding Carefully on Policy
Summary United States: A Feast of Economic Data Ahead of Thanksgiving The cornucopia of economic […]
ECB’s Nagel: Close to terminal rate, but nobody knows
Bundesbank President Joachim Nagel, in his remarks at a conference overnight, suggested an element of […]
We Don’t Expect Big Swings Ahead of US Long Weekend
Markets ECB Lagarde addressed a German finance ministry event just before yesterday’s European close. While […]
EU Push for Tighter Fiscal Policies in 2024
Market movers today US durable goods orders for October will provide more clues to US […]
ECB’s Lagarde emphasizes vigilance in inflation battle, outlines wage dynamics and policy outlook
ECB President Christine Lagarde, in her speech overnight, cautioned against premature optimism on the ongoing […]
Exponent of Broadbased Dollar Weakness is USD/JPY
Markets The US Treasury’s $16bn 20-yr Bond auction stopped a full bp though the 1:00 […]
Eurozone PMI composite rose to 47.1, technical recession ongoing
Eurozone’s PMI data for November shows marginal improvement but continues to indicate broader recessionary trends. […]