Archive for November, 2014
Sunday, November 2nd, 2014
China just released data on the services sector PMI which showed that sector slowing to 53.8 from 54 in September. Previously ( on Saturday) the government released data which showed softness in the manufacturing PMI.
Via the FT:
EconomyChina's service sector growth falls to 9 month low
The services sector in the world's ...
Posted in Uncategorized | Comments Off on China Services Sector Slows
Sunday, November 2nd, 2014
Via Marc Chandler at Brown Brothers Harriman:
Next Leg Up for the Dollar
The US dollar had a good week to close out October. It was bolstered to new highs against the euro and yen. It is driven by both positive developments in the US and negative developments in Europe and ...
Posted in Uncategorized | Comments Off on FX Technicals
Sunday, November 2nd, 2014
Via Bloomberg:
Fed’s Lacker Says Inflation ‘Not a Problem’, Sees 2015 Rate Rise
2014-11-02 18:19:24.47 GMT
By Alister Bull
Nov. 2 (Bloomberg) -- Federal Reserve Bank of Richmond
President Jeffrey Lacker, who has pushed for policies aimed at
keeping inflation in check, said he’s not worried now about
prices rising too fast.
“Given the economic challenges we’ve faced, ...
Posted in Uncategorized | Comments Off on Lacker on Rate Hikes and Inflation
Sunday, November 2nd, 2014
Via the FT:
November 2, 2014 2:46 pm
China’s growth in danger of slowing more sharply
By Jamil Anderlini in Beijing
China’s cooling economy has already roiled global commodity markets and prompted slowdowns in places such as Latin America, Australia and Germany that had been big beneficiaries of the Chinese boom.
The Chinese economy grew ...
Posted in Uncategorized | Comments Off on China Growth to Slow Sharply?
Saturday, November 1st, 2014
In its most recent update of probabilities of Senate control following the election, Nate Silver's 538 blog now attaches about a 72 percent chance of a GOP majority in the Senate. That is the highest probability that 538 has assigned to a GOP takeover since they started publishing this data.
Posted in Uncategorized | Comments Off on Midterm Election Forecast
Saturday, November 1st, 2014
China's PMI slipped in October to 50.8 from 51.1 in September. The consensus had expected the index to be unchanged at 51.1.
Separately, why do they release data on Saturday?
Via the WSJ:
Updated Nov. 1, 2014 4:13 a.m. ET
BEIJING—A gauge of China’s manufacturing activity fell to a five-month low in ...
Posted in Uncategorized | Comments Off on China Manufacturing Index Edges Lower