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Topic

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

Published 01 Jul, 2021 07:21pm
  • 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.
Banks, oil stocks lead S&P 500, Dow higher

Banks, oil stocks lead S&P 500, Dow higher

Published 21 Jun, 2021 08:25pm
  • Value stocks outperform growth names.
  • Crypto stocks drop as China deepens mining crackdown.
  • Indexes up: Dow 1.13%, S&P 0.79%, Nasdaq 0.26%.
Japanese shares higher

Japanese shares higher

Published 25 May, 2021 04:40am
TOKYO: Japanese shares ended higher on Monday, led by stocks sensitive to global economic growth, as investors...
Dollar higher on upbeat US manufacturing data; weekly loss on cards

Dollar higher on upbeat US manufacturing data; weekly loss on cards

Published 21 May, 2021 08:42pm
  • The dollar index, measuring the greenback against a basket of six currencies, was 0.27% higher at 90.036. The index hit a four-month low earlier in the session.
  • "We continue to expect the USD to remain soft while US yields remain contained," Osborne said.
US manufacturing activity powers ahead in early May; work backlogs rising: survey

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

Published 21 May, 2021 07:03pm
  • 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.
US manufacturing activity accelerates in early April; supply constraints worsening

US manufacturing activity accelerates in early April; supply constraints worsening

Published 23 Apr, 2021 07:57pm
  • 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.
US yields mostly up as positive momentum persists with recent strong data

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

Published 05 Apr, 2021 09:45pm
  • 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.
US factory orders decline in February

US factory orders decline in February

Published 05 Apr, 2021 07:40pm
  • 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.
US factory activity slows in February but supply bottlenecks push up prices

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

Published 19 Feb, 2021 09:05pm
  • 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.
US factory orders beat expectations in December

US factory orders beat expectations in December

Published 04 Feb, 2021 08:41pm
  • 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.
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