Philip Chua Business Blog

Posts Tagged ‘manufacturing’

Large bounce in risk sentiment. US equities (S&P500) are currently 3.0% higher following a day of news conducive to risk seeking. The earlier solid outcomes for Australian GDP and Chinese manufacturing set the starting tone for the European and US sessions, partly explaining the modest effect the weak US (ADP)

The dollar gained against most of its rivals on Thursday as risk aversion increased on concern US economic growth is faltering. US initial jobless claims in the week ending August 14 climbed to a 9-month high and the August Philadelphia Fed manufacturing index turned negative for the first time since

US data spooks equities. The S&P500 is currently unchanged having pared the preopening gains inspired by the good JP Morgan earnings result. The batch of US data released included weak manufacturing surveys for NY and Philadelphia, and sent the S&P500 20pts lower as investors questioned the sustainability of the positive

FX markets remained highly volatile to start June trading in NY, with the EUR rebounding nearly 250 points from its overnight lows before falling back to finish in the middle of the day's trading range. Markets remained highly nervous over the strength of the global recovery after Chinese manufacturing indexes

The German ZEW economic sentiment could have improved somewhat in April, and the ifo business climate for Germany could also have risen again, albeit not as sharply as in the previous month. The ifo business expectations, the US ISM manufacturing index and the DAX have all gone up. The euro...

The U.S. economy continued to trudge its way through these early stages of its recovery this week. A slew of data sent relatively positive signals regarding consumer spending, the housing market, and manufacturing, but the focus is squarely on tomorrow’s payrolls employment report. ISM manufacturing data indicated a marked improvement…