Archive for January, 2015
Friday, January 2nd, 2015
Via Brown Brothers Harriman:
Currencies: The euro broke below the mid-2012 low to trade at $1.2035, rapidly approaching the June 2010 low of 1.1877. Euro-area final PMI manufacturing for December came in slightly lower at 50.6, but more significantly, Draghi made some more dovish comments during an interview to a German ...
Posted in Uncategorized | Comments Off on FX
Friday, January 2nd, 2015
Via the good folks at Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 9:45am: Markit US Manufacturing PMI, Dec. final, est. 54
(prior 53.7)
* 10:00am: Construction Spending, Nov., est. 0.4% (prior 1.1%)
* 10:00am: ISM Manufacturing, Dec., est. 57.5 (prior 58.7)
* ISM Prices Paid, Dec., est. 43.0 (prior 44.5)
* ISM Prices Paid, ...
Posted in Uncategorized | Comments Off on what to Watch for Today
Thursday, January 1st, 2015
AAA has calculated that the drop in gasoline prices will save consumers of that product $75 billion in 2015.
Via Bloomberg:
AAA Says Motorists May Save $75 Billion on Gasoline This Year
By Mario Parker Jan 1, 2015 12:00 PM ET
The rout in crude oil prices may mean as much as $75 billion ...
Posted in Uncategorized | Comments Off on Falling Gas Prices Equal Tax Cut Department
Thursday, January 1st, 2015
Via the WSJ:
By
Josh Zumbrun
Updated Jan. 1, 2015 6:47 p.m. ET
The U.S. economy enters 2015 with the strongest momentum in at least a decade and as the fittest of all the industrialized nations. The question is whether that muscle can help yank the rest of the world out of ...
Posted in Uncategorized | Comments Off on Can the US Thrive in the Face of Global Weakness