The New Orders Index decreased from 47.4 in July to 44.6 in August, while Production Index decreased from 45.9 to 44.8. The Institute for Supply Management commented: “Demand remains subdued,…
Tag: trading the news
China Caixin Manufacturing PMI Climbs to 50.4 on Strong Domestic Demand
Manufacturing sector sees a boost as China’s Caixin PMI hits 50.4 in August, with new orders surging but export orders faltering….Read More
U.S. Durable Goods Surge in July Led by Transportation
Durable goods orders jump 9.9% in July, far exceeding expectations; transportation drives the surge, core goods dip 0.1%, while stocks rise and Treasury yields edge lower….Read More
EIA Natural Gas Storage Build Of +35 Bcf Misses Analyst Estimates
Natural gas prices continued to rebound from session lows as traders reacted to the EIA report. EIA natural gas storage build missed analyst estimates of +38 Bcf, which may provide…