Strong manufacturing recovery

Macro-economy
May 4, 2021

Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.

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Strong manufacturing recovery

You might also read :

Growing divergence between crude and oil products markets

Joe Biden is set to lay out his stimulus package later today

Evergrande fever seems to be subsiding a bit after a very turbulent day

Simplifying energy markets