ECB Snaps, Crackles, then Watches Rates Pop
Executive Summary The ECB announced a substantial package of easing measures at its September meeting, but the market response mostly fell flat, and indeed if anything financial conditions appear to have tightened since the announcement. Most market interest rates are...
WTI OIL Outlook: WTI is Consolidating after 4% Fall on Monday; Outlook Remains Negative
WTI oil price is consolidating above new 2 1/2 week low at $53.93, posted after nearly 4% fall on Monday. Oil price came under increased pressure after strong upside rejection (16 Oct spike to $63.12 after attack on Saudi oil...
US manufacturing survey shows worst reading in a decade
A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply Management came in at 47.8%...
US manufacturing activity hits highest in 5 months in September, IHS Markit says
A worker moves a Venice model roadster vehicle at the Vanderhall Motor Works manufacturing facility in Provo, Utah, Sept. 25, 2018. George Frey | Bloomberg | Getty Images The U.S. manufacturing sector activities rebounded slightly in September, according to IHS...
Dollar Rises as Fed Evans Hints that Rate Cut is Done
Dollar surges broadly today after a Fed dove said that the rate cuts delivered are already enough to lift inflation back to target. Euro somewhat shrug off weak inflation and PMI data and follows as second strongest, then Swiss Franc....
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