U.S. equity markets remain subdued while U.S. dollar
holds its ground on increasing tensions in Eastern Ukraine
despite the upbeat Final Services PMI (55.0) and ISM
Non-Manufacturing PMI (55.2).
The U.S. dollar (
) bull ended the day on Friday despite a strong U.S. Jobs Report
going into the weekend and concerns over China's HSBC
manufacturing purchasing managers' index report scheduled for
The U.S. dollar in conjunction with today's upbeat economic
reports shook off the disappointing China (
) PMI results. Remember a reading below 50 indicates the economy
Should you be concerned over the China PMI
data? Login into Tim Seymours' Audio Call today and find out
what China's data means to your portfolio.
We affirm our view that the U.S. dollar should remain supported,
but market participants will need to ride out the volatility of
the Ukraine crisis. Headlines of fighting in six Eastern Ukraine
cities and 46 people losing their lives will weigh on the U.S.