Archive for May 1st, 2008
ISM Manufacturing Holds Steady, Employment Index Signals Weak NFPs
ISM Manufacturing Holds Steady, Employment Index Signals Weak NFPs
Conditions in the US manufacturing sector remain weak, as the April ISM report held steady at 48.6, though it had been anticipated to fall to 46.0. However, as of January, the new breakeven point for the economy is at 41.1, so an ISM reading above that level […]
Oil Prices Fall As Dollar Strengthens Against Euro
Oil Prices Fall As Dollar Strengthens Against Euro
Oil prices fell slightly Thursday as the dollar strengthened against the euro on a smaller-than-anticipated interest-rate cut from the U.S. Federal Reserve.
Light, sweet crude for June delivery fell 21 cents to $113.25 […]
Wall Street Heads Higher on Optimism
Wall Street Heads Higher on Optimism
NEW YORK — Wall Street headed toward a higher open Thursday amid growing optimism that the credit crisis that pummeled global markets might be nearing an end.
Investors, one day after the Federal Reserve cut […]