An increase in the US ISM index in May underpins the expectation that the economy is rebounding into Q2. The details of the report were also good with the second increase in new orders index in a row. It rose from 53.5 t…
An increase in the US ISM index in May underpins the expectation that the economy is rebounding into Q2.
The details of the report were also good with the second increase in new orders index in a row. It rose from 53.5 to 55.8, which is slightly above the long-term average of 54.7.
"The improvement is well in line with the signal from the Conference Board's leading indicator as well as declining trend in jobless claims. Both of these point to more upside in the coming months." said Danske Bank
The employment index also increased decently to 51.7 in May, although from a low level of 48.3 in April.
"Overall, the labour market seems to continue to cruise ahead with job growth around 200k. We look for a 220k rise in Friday's payrolls for May." adds Danske Bank
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
