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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US factory activity

S&P 500 set to begin second half of 2021 at record open

S&P 500 set to begin second half of 2021 at record open

  • Weekly jobless claims fall more than expected.
  • Micron slips despite positive earnings forecast.
  • Walgreens gains on upbeat Q3 results, FY21 outlook.
  • Futures: Dow rises 0.18%, S&P up 0.14%, Nasdaq flat.
Published 01 Jul, 2021 07:21pm
Japanese shares higher
Markets

Japanese shares higher

TOKYO: Japanese shares ended higher on Monday, led by stocks sensitive to global economic growth, as investors...
Published 25 May, 2021 04:40am
US manufacturing activity powers ahead in early May; work backlogs rising: survey
World

US manufacturing activity powers ahead in early May; work backlogs rising: survey

  • According to IHS Markit "manufacturers highlighted that strain on capacity and raw material shortages are expected to last through 2021." It noted that the supply crunch was raising production costs for manufacturers, who "made efforts to pass higher cost burdens on to clients."
  • The survey said its measure of new orders increased and that though factories tried to recruit more workers, the pace of hiring was the slowest in five months.
Published 21 May, 2021 07:03pm
US manufacturing activity accelerates in early April; supply constraints worsening
World

US manufacturing activity accelerates in early April; supply constraints worsening

  • Data firm IHS Markit said on Friday its flash US manufacturing PMI increased to 60.6 in the first half of this month. That was the highest reading since the series started in May 2007 and followed a final reading of 59.1 in March.
  • Economists polled by Reuters had forecast the index rising to 60.5 in early April. A reading above 50 indicates growth in manufacturing, which accounts for 11.9% of the US economy.
Published 23 Apr, 2021 07:57pm
US yields mostly up as positive momentum persists with recent strong data
Markets

US yields mostly up as positive momentum persists with recent strong data

  • The US yield curve, which has become a barometer of risk sentiment in the bond market, steepened after flattening in the previous session. The spread between US 2-year and 10-year yields rose to 155 basis points.
  • Trading was quiet to start the week, with most of Europe still on holiday for Easter Monday. China, Hong Kong and Australia were closed as well.
Published 05 Apr, 2021 09:45pm
US factory orders decline in February
World

US factory orders decline in February

  • The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.
  • Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.
Published 05 Apr, 2021 07:40pm
US factory activity slows in February but supply bottlenecks push up prices
World

US factory activity slows in February but supply bottlenecks push up prices

  • The data was in line with economists' forecasts, with a reading above 50 indicating growth in manufacturing, which accounts for 11.9% of the US economy.
  • The supply chain bottlenecks, which are widespread across the manufacturing sector as well as the services industry, have led to higher prices for inputs, including raw materials.
Published 19 Feb, 2021 09:05pm
US factory orders beat expectations in December
World

US factory orders beat expectations in December

  • The Commerce Department said on Thursday that factory orders increased 1.1% after surging 1.3% in November.
  • The Institute for Supply Management reported this week that its index of national factory activity slipped in January.
Published 04 Feb, 2021 08:41pm