U.S. ISM Manufacturing Index Rises above 40
U.S. ISM Manufacturing Index Rises above 40
The ISM manufacturing index rose to 40.1 in April following a 36.3 reading in March. Expectations were for a more muted rise to 38.4. A reading below the 50 mark is still indicative of declining activity in the manufacturing sector. New orders rose to 47.2 from March’s 41.2 and […]
Australian Producer Price Index
Australian Producer Price Index
Australian Producer Price Index Actual -0.4%, Expected 0.6%, Previous 1.3%
Release Explanation: Producers tend to pass on higher costs to consumers as higher retail prices, thus the PPI is valuable as an early indicator of inflation. “Inflation reflects a decline in the purchasing power of a country’s currency, where each dollar buys fewer […]
U.S. Wrap: Dollar Index, Commodities, Treasuries. Fed Wants Them Dealt With
U.S. Wrap: Dollar Index, Commodities, Treasuries. Fed Wants Them Dealt With
Dollar Index: Fed Mandates A Lower Dollar
Try as hard as they might, and with all guns blazing at the problem, the Fed today admitted that they are having a tough time in generating growth, and in doing so having a really hard time in […]