Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 53.3% during August. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 21st consecutive…
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US PMI manufacturing index slightly fell to 50.6%
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI reached 50.6% during August. The U.S. Manufacturing PMI, which is an index that estimates the economic activity in the U.S. manufacturing sector, grew for the 25th consecutive…
Euro Area unemployment unchanged at 10% August 2011
According to the recent Eurostat report, the Euro Area seasonally adjusted unemployment rate remained unchanged at 10% during July 2011 – the same rate as in June 2011, but slightly lower than the seasonally adjusted unemployment rate in July 2011,…
US consumer confidence sharply fell in August
According to the recent consumer confidence survey in the US, the consumer confidence index has sharply fell during August compare with July’s index; this index declined during the past couple of months. The index stood in August at 44.5 (1985=100)…
US pending home sales fell in July 2011
According to the recent US pending homes sales report there was a drop in pending home sales during July 2011, but was still above the rate in July 2010. The US pending home sales index declined by 1.3% during July…
Ben’s speech – no QE3 for now
As anticipated by many in the market, Bernanke didn’t hint or implied of any further quantitative easing plan. Ben Bernanke, the chairman of the Federal Reserve, gave a speech today, August 26th named “The Near- and Longer-Term Prospects for the…
U.S. durable goods report showed improvement in July 2011
Today, the U.S. Census Bureau published its monthly report on US new durable goods manufactures’ shipments, inventories and orders for July 2011 – the report showed an increase in orders of durable goods and capital goods compared with June’s rate.…
5 reasons for QE3 and 3 against – opinion
The upcoming speech of the Federal Reserve chairman Ben Bernanke this coming Friday, August 26th brings many to speculate whether he will say, hint, smoke signal his intentions to issue a new stimulus plan, i.e. quantitative easing plan/ QE3. There…
U.S. new home sales slightly fell again in July 2011
Today, the U.S. Census Bureau issued its monthly report on US new homes sales for July 2011 and didn’t shows much improvement from June. According to the report, in July 2011 the annual rate of number of US new home…
Rebels conquered Tripoli – Brent oil falls
The Rebels entered tonight to Tripoli, Libya the last major hold of Gaddafi. They have conquered most of Tripoli and currently there are fights near Gaddafi’s palace. According to the reports Gaddafi is still in Libya and didn’t exist to…