by Chris Becker
A swathe of PMI releases in Europe and the US moved markets as much as the new airstrikes in Syria. The story was all US dollar as the Richmond Fed manufacturing index and the Markit PMI both showed solid gains, which reinforced USD strength around the entire risk complex.
US stocks though were very weak and the S&P500 has closed below its recent support line that I outlined yesterday, with the FTSE getting smashed (the DAX holds on weakly):
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