● US ISM Mfg Index ticks up but still indicates contraction in Feb | RTT
● PMI: Weakest rise in US mfg output in Feb since Oc 2013 | Markit
● US construction spending up 1.5% in Jan | AP
● Eurozone Mfg PMI growth falls to 12-mo low in Feb | Markit
● Eurozone unemployment rate falls to 10.3% in Jan–a 4-1/2 yr low | BBC
● Global Mfg PMI signals stagnation in Feb | Markit
● Super Tuesday: Clinton, Trump win big; Cruz takes Tex; Rubio has 1st win | CNN
● Moody’s cuts China outlook, cites reform, fiscal risks | Reuters
Monthly Archives: March 2016
Major Asset Classes | February 2016 | Performance Review
The demand for safe assets dominated asset flows in February. The main beneficiary of the risk-off trade last month: foreign government bonds in developed markets. Citigroup’s World Gov’t Bond Index ex-US surged 4.0% in February (unhedged US dollar total return). The gain also pushed this slice of the fixed-income market into first place for the trailing one-year period with a 1.7% increase.
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Initial Guidance | 1 March 2016
● US pending home sales hit one-year low | Reuters
● Chicago PMI signals contraction of factory activity in Feb | MarketWatch
● Dallas Fed Index: Mfg Remains in Contraction in Texas | 24/7 Wall St
● Eurozone jobless rate dips to 10.3% in Jan | Reuters
● PMI: Eurozone mfg growth slows to 12-mo low in Feb | Markit
● China’s manufacturing PMI highlights sluggishness | MarketWatch
● Fed’s Dudley: US economic risks have increased | Reuters
● 3 reasons Warren Buffett is optimistic about US economy | CBS MW