PMI

US consumer spending powers ahead in October; inflation cooling

Consumer spending increases 0.8% in October Personal income rises 0.7%; saving rate falls to 2.3% Core PCE price index gains 0.2%; up 5.0% year-on-year Weekly jobless claims fall 16,000 to 225,000 WASHINGTON, Dec 1 (Reuters) – US consumer spending increased solidly in October, while inflation moderated, giving the economy a powerful boost at the start …

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US weekly jobless claims at 3-month high; equipment spending resilient

Weekly jobless claims increase 17,000 to 240,000 Continuing claims rise 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of core capital goods surge 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for jobless benefits increased to a three-month high last week amid rising layoffs in …

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Wall St down for fourth straight day on Fed rate hike worry

US initial weekly jobless claims fall Services industry growth slows Qualcomm, Roku slump on weak forecasts Dow down 0.46%, S&P 500 down 1.06%, Nasdaq down 1.73% NEW YORK, Nov 3 (Reuters) – US stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations the Federal Reserve would …

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Oil falls on US output gains, Chinese demand doubts

Brent, WTI post first monthly gain since May Chinese factory activity slows in October US Aug oil output climbs to pre-pandemic levels Biden to address oil company profits OPEC raises world demand forecast in the medium- and longer-term HOUSTON, Oct 31 (Reuters) – Oil prices fell on Monday on expectations that US production could rise …

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China’s factory, services activity skids on relentless COVID curbs

Official manufacturing PMI unexpectedly fell in Oct Official services PMI contracts in Oct Analysts expect economy to struggle heading into 2023 BEIJING, Oct 31 (Reuters) – China’s factory activity unexpectedly fell in October, weighed by softening global demand and strict domestic COVID-19 curbs, which hit production, travel and shipping in the world’s second-largest economy. While …

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Wall Street ends down as two-day rally fizzles on data, Fed message

Stocks rise in late-day surge on oversold conditions US private payrolls increase in September – ADP Twitter eases from one-year high, Tesla falls 6% Energy stocks jump as OPEC+ agrees to oil output cuts Indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25% Oct 5 (Reuters) – Wall Street stocks closed lower on Wednesday, unable …

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US manufacturing nearly brakes; price pressures abating

Manufacturing PMI falls 1.9 points to 50.9 in September New orders, employment measures contract Price pressures at factories, supply bottlenecks easing Construction spending falls 0.7% in August WASHINGTON, Oct 3 (Reuters) – US manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders contracted amid aggressive interest rate increases …

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