We marked up forecasts for the euro area and Japan. It's just a sense that these economies, especially the euro area, are on a stronger growth path.
More Quotes from David Hensley:
The labor market exhibited renewed strength, which suggests that manufacturers and service providers expect the current acceleration in growth to be maintained in the coming months.David Hensley
In Asia, we see growth remaining steady and fast.
David Hensley
High and rising utilization rates remain at the forefront of Fed inflation concerns.
David Hensley
The latest PMI data point to a slight moderation in the pace of global manufacturing output, to a still robust 5 to 6 percent annual rate.
David Hensley
The level of global PMI is consistent with 6 per cent plus growth in global industrial production.
David Hensley
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