Tag Archives: US Economy

The headline ISM Services PMI figure rose to 58.3 in March from 56.5 the month before, a tad lower than the expected rise to 58.4, according to the latest release from the Institute of Supply Management. Subindices: Business Activity rose slightly to 55.5 from 55.1 in February. Prices Paid rose …

Oil futures extended gains in trading on Tuesday as the United States and Europe plan to impose new sanctions against Russia over alleged war crimes committed by Russian forces in Ukraine, heightening concerns about supply disruptions as Iran nuclear talks falter. Brent crude futures rose 1.20 dollars, equivalent to 1.1%, …

The US dollar has reclaimed 99.00 on expectation of strong US Services PMI on Tuesday. A preliminary estimate for the US Services PMI is 58 against the prior print of 56.5. Nearly 80% of the US economy revolves around services, which heightens attention around the US ISM services PMI as …

Oil prices topped $105 a barrel on Monday, as concerns persisted about tight supplies due to Russia’s invasion of Ukraine and a deal on Iran’s nuclear deal despite countries withdrawing from strategic oil reserves. The invasion of Ukraine in February sharply exacerbated already existing supply concerns and raised oil prices. …

One of the more reliable warning signals for an economic recession is shining brighter. The yield curve is watched for clues to how the bond market is feeling about the US economy’s long-term prospects. Should Markets Panic?Fed Chair Jerome Powell would say no. Last week, he said that he pays …

The headline ISM Manufacturing Purchasing Manager’s Index (PMI) figure fell to 57.1 in March from 58.6 in February, a miss against expectations for a small rise to 59.0, according to the latest release by the Institute for Supply Management (ISM). There was a sharp rise in the Price Paid subindex …

Oil prices fell on Friday, ahead of a meeting of member states of the International Energy Agency to discuss the withdrawal of strategic oil reserves, coinciding with a massive planned withdrawal of reserves in the United States. Brent crude and US West Texas Intermediate crude are heading for their biggest …

Global stocks fell on Thursday as recession concerns and the Russian-Ukranian war curbed demand for risky assets, while oil prices plunged over $5 on news that the United States may release some of its emergency oil reserves.With Thursday’s drop, US and European stocks are set for their worst quarterly performance …

Everybody in the US and beyond is talking about the yield curve inversion. At one point yesterday the yield on the 2-year Treasury briefly traded above that of the 10-year. Historically, such an inversion has been an accurate predictor of a recession, typically within two years.Though these inversions in the …

The USD/CAD pair extends its fall for the second straight day; after Monday’s price action printed a weekly high near the 1.2600 mark, the Canadian dollar strengthened on the back of high oil prices, amid a downbeat market mood, courtesy of recent developments in the Eastern Europe front. the USD/CAD …