Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
‘From Bad To Worse’: Yields Plunge To Record Lows As German Manufacturing Falls Off A Cliff
The ECB likely didn't need any further convincing when it comes to rolling out more monetary accommodation in the months ahead, but just in case, a 43.1 print on the flash read for BME and IHS's Markit PMI for Germany will do the trick.
The forecast range was 44 to 49.9, which means the gauge missed even the lowest estimate. 43.1 is the weakest reading since July of 2012 and represents a fairly sharp drop from June. This was the seventh consecutive month in contraction. New orders have been in
Just re read the Goldman comments of a few days past about Manufacturing and it’s historical impacts on US equities… Seems this issue could be exasperated by the strength of the dollar which seems likely to continue stronger than ever… Anybody have any predictions on what China might be thinking here ????
to be clear on that comment section, my response to the person who was skeptical wasn’t to suggest that the analysis was bulletproof. rather, i just can’t stand this incessant notion among retail investors that big banks are out to get them at every waking hour. fact is, a Wall Street economist doesn’t take into consideration whether Joe the plumber might buy/sell $50k worth of blue chips in an E*Trade account when writing a note about the manufacturing economy. that was my only point. as far whether the manufacturing sector in the US can be summarily dismissed, i doubt that’s the case, although what I would say is that Goldman wasn’t suggesting that either.
I for one , have come to appreciate your comment on the big Banks and you make it frequently… I rather think it is a loosely nit organization hell bent on maintaining stability as it is critical to the whole spectrum of the economic system..It’s near cousin the Fed is in a faltering mode due to political pressure being at an unreasonable level…..unfortunately!!!!
China is desperately trying to prop up the CNY. As H has identified in the past, the question becomes how long does this keep the CNY afloat or will it eventually lose its affect and the CNY will shoot above 7.0 probably well higher than anyone thinks right now. It will likely tank the trade talks.
That I think is my guess as well….thanks!!!