Is Manufacturing Showing Any Signs of Recovery? While manufacturing production remains in decline, the Manufacturing Output Index edged up to 43.2, a five-month high. However, this improvement reflects a slower…
Tag: trading the news
EIA: U.S. Crude Stocks Rise as Imports Surge, Refinery Activity Slows
Crude Oil Imports Surge While Product Imports Remain Mixed Crude oil imports surged by 1.2 million bpd to 7.7 million bpd, significantly above the four-week average of 6.6 million bpd.…
UK Inflation Rate Jumps to 2.3% Hitting the Brakes on a BoE Rate Cut
October’s higher headline and core inflation figures could give the BoE more reason to stand pat in December. Expert Views on the UK Inflation Report Michael Brown, Senior Research Strategist…
October Housing Permits, Starts Miss Estimates Amid High Rates, Bearish Trends
Housing Starts Fall Below Expectations Housing starts also disappointed, coming in at 1.311 million, below the consensus estimate of 1.34 million. This figure represents a 3.1% decline from September’s revised…