Indicating an unexpected acceleration in the pace of growth in the U.S. manufacturing sector, the Institute for Supply Management released a report on Thursday showing its index of activity in the sector rose to a nearly fourteen-year high in February. The ISM said its purchasing managers index climbed to 60.8. more...
Activity in the U.S. manufacturing sector unexpectedly grew at a faster rate in the month of September, according to a report released by the Institute for Supply Management on Monday. The ISM said its purchasing managers index climbed to 60.8 in September from 58.8 in August. more...
Trading the News: U.S. ISM Non-Manufacturing A slowdown in the ISM Non-Manufacturing survey may produce headwinds for the greenback and spur a near-term rally in EUR/USD as fears of a slowing recovery dampens bets for a Fed rate-hike in the first-half of 2016. What’s Expected: Why Is This Event Important: Even though the Federal Open Market Committee (FOMC) appears to be on course to implement ...
- U.S. ISM Manufacturing Survey Expected to Fall Back from Highest Reading Since March 2011. - Even Though Employment Component Narrowed in August, Still Marked the Second-Highest Print for 2014. Trading the News: U.S. ISM Manufacturing A downtick in the ISM Manufacturing survey may generate a bearish dollar reaction (bullish EUR/USD) should the data print dampen the outlook for growth and inflation. What’s Expected: ...
Tonight, Narendra Modi will be sworn in as India’s new Prime Minister. And there is no shortage of advice on what he should do once he takes power. Today, India’s daily newspapers and the world’s financial press have been publishing articles telling the new man in charge just what he needs to do to help India reach its potential, and there are some common themes. As context, it’s worth noting what the stock market tells us about expectations: Mumbai’s benchmark Sensex index rose 15% ...
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