Trade Gap Expected to Widen Ahead of Data Releases
Median forecasts from a Wall Street Journal survey indicate an expected widening of the U.S. trade gap. Next week's data releases include S&P Global U.S. Services PMI and ISM Non-Manufacturing data.
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Median forecasts from a Wall Street Journal survey indicate an expected widening of the U.S. trade gap. Next week's data releases include S&P Global U.S. Services PMI and ISM Non-Manufacturing data.
The yield on the U~S 10-year Treasury note topped 5.3% on Thursday, its highest level since early 2002, before retreating slightly to 5.27%. The bond market has remained under pressure amid expectations of further monetary policy tightening by the Fed, as persistent inflationary pressures from higher oil prices and the
The ISM manufacturing PMI edged down to 54.5 in September from 54.6 in August, continuing to indicate growth for the ninth consecutive month.
US stocks moved into negative territory to start Q4, with the S&P 500 falling 0.3%, the Nasdaq declining 0.2% and the Dow Jones shedding 245 points, reversing early gains as Treasury yields continued to rise and oil prices climbed again, weighing on sentiment. Meanwhile, the ISM Manufacturing PMI pointed to a surge in
US ISM Manufacturing PMI September Report
US ISM Manufacturing PMI Actual 54.5 (Forecast 55, Previous 54.6)
US ISM Manufacturing PMI
U.S. stocks look set to open on a mixed note on Thursday, with futures of the Dow Jones and S&P 500 indices falling, while the Nasdaq 100 futures rose, following Wednesday’s mixed close. Iran announced receiving a U.S. response regarding a proposal to restore the collapsed Gulf ceasefire as final U.S. troops completed
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.
U.S. stock futures declined on Monday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Friday’s higher close. This tracked a sharp sell-off across Asian equities as surging U.S. Treasury yields and volatile crude prices weighed heavily on risk assets. Meanwhile, oil prices climbed after President Dona
Reuters day-ahead report says Brent is up about 2%, yields are higher and markets are pricing no Fed cut until mid-2028. It also flags Dallas Fed manufacturing data and several central bank speeches later in the week.
Reuters preview says Brent is up about 2% after Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, while fund futures price a 66% chance of a Fed hike in October. The note also points to the Dallas Fed manufacturing survey and speeches by Fed, ECB, BoE and Norges Bank officials.
Reuters preview says the rupee and government bonds are likely to stay under pressure in a holiday-shortened week. Traders are watching elevated oil prices, multi-year-high global yields and expectations for an RBI rate hike next week.
The bond market is flashing a signal that usually means trouble. Ed Yardeni says this time it mostly means strength. The 10-year Treasury yield closed at 5.11% on Wednesday, its highest level since 2007, and Yardeni Research indicated the main driver is a U.S. economy growing faster than expected. "Today, however, the
US ISM Manufacturing PMI
Institute for Supply Management manufacturing PMI eased to 54.6 in August from 55.6 in July, marking eight straight months of growth. New orders, production and employment remained in growth territory but each slowed versus July.
US ISM Manufacturing PMI August Report
US ISM Manufacturing PMI actual 54.6 versus 55.2 forecast and 55.6 prior.
U.S. stock futures fell Tuesday, while Brent crude rose 4.46% to $92.31 a barrel after Trump threatened further strikes against Iran and ruled out nuclear action.
US ISM Manufacturing PMI
U.S. equities opened August with a broad-based relief rally Monday as crude oil tumbled and Treasury yields retreated from 18-month highs, after President Donald Trump called off a planned military strike on Iran over the weekend and said negotiations would resume. West Texas Intermediate crude sank 5.9% to $79.69 a ba
There is a faster way to read the U.S. economy than reading the economic data. Look at the price of copper. The metal has gained nearly 50% over the past 12 months, its strongest rolling annual advance since 2021. It is also testing all-time highs after reaching $6.52 per pound on Monday, trading just 2% below May’s al
US ISM Manufacturing PMI July Report
US ISM Manufacturing PMI Actual 55.6 (Forecast 53.9, Previous 53.3)
US ISM Manufacturing PMI
U.S. stock futures rose on Monday, as the Dow Jones, S&P 500, and Nasdaq 100 indices advanced, following Friday’s higher close. President Donald Trump called off a planned strike on Iran to resume negotiations. Over the weekend, Trump said negotiations with Iran would begin Monday after he halted what he described as a
US ISM Manufacturing PMI
US ISM Manufacturing PMI Actual 53.3 (Forecast 53.9, Previous 54.0)
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - (RO) Romania Jun International Reserves: No est v $77.0B prior - (AR) Argentina Jun Government Tax Revenue (ARS): No est v 21.513T prior - (ZA)
US ISM Manufacturing PMI