US economic news – February 16th 2017 13:30 (GMT+1)


The Number of initial jobless claims stood at 239 thousand, below expectations of 245 thousand.

January building permits was pleasantly surprised with 1.285 million permits, versus expectations of 1.23 million certificates.

The Fed Manufacturing Index of Philadelphia jumped to 43.3 points, compared with an expected index of 18 points.


Market News Briefing – Sept. 30th 2016 08:45 (GMT+1)


The Asian stock markets closed the trading day with declines.
Nikkei lost 1.5%, Hang Seng dropped by 2%.

PMI manufacturing in China rose to 50.1 points in September, compared with 50 in August and according to the analysts forecasts.
This is the third consecutive month that the index is at the level of 50 points or above threshold that separates expansion and contraction of production in factories.

Market News Briefing – Sept. 15th 2016 14:30 (GMT+1)


The manufacturing activity in the New York continued to contract in September, and sharply than expected, while the manufacturing sector in the Philadelphia region grew for the second month in a row.

Index of manufacturing activity in the New York (Empire State Index) climbed in September to minus 2 points compared to minus 4.2 points in August.
Economists expected a small increase in the index to minus 0.5 points.

Negative index indicates a contraction of activity in the manufacturing sector.

Index of manufacturing activity in the Philadelphia region a rose this month to 12.8 points, compared with a level of 2 points in August.
Economists Expect the index to decline by 0.8 points.

Market News Briefing – Sept. 6th 2016 15:30 (GMT+1)

The trading day on Wall Street opened with a slight rise at the US markets but an hour later the markets are of a mixed trend.
The background to this change with a view to published data of the ISM Non-Manufacturing sector.
The index showed a decline to 51.4 points, compared with expectations of 55 points and more importantly it shows a drop in momentum in the sector.

Market News Briefing – Sep. 1st 2016 15:00 (GMT+1)


A surprising contraction in the US manufacturing sector

The manufacturing sector activity contracted unexpectedly in August due to the strengthening of the US dollar, slower growth of the global economy and uncertainty about the US economic outlook.

The manufacturing sector activity index in the US fell in August to 49.4 points – the lowest level since January, compared with a level of 52.6 points in July.
The economists had forecast only a slight decline in the index to 52 points.

Another data showed that the number of reported initial jobless claims stayed near a record low of more than four decades.