European Recovery Strengthens According to PMI (Reuters)
New manufacturing orders increased for the fourth month in a row in the European Community, according to the October Manufacturing Purchasing Managers’ Index (PMI). The final PMI for October rose to 51.3 from September’s 51.1, in line with analysts’ estimates, and well above the 50 level that indicates growth in manufacturing. However, the PMI figure could have been even stronger had not the French economy contracted for October. Even though the 17-bloc nation’s factory production was re-approaching its most recent 26-month high recorded in August, it still trailed historic levels. For investors though, any news is good news, as far as Europe is concerned.
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…