ISM SERVICES KEY POINTS:ISM Services PMI at 56.7 in September versus 56.00 expectedResilient services sector activity data backs case for Fed to remain on a hawkish pathU.S. dollar extends gains on better-than-forecast results
Trade...
OIL PRICES FORECASTOil prices blast higher on reports that OPEC+ will deliver a substantial output cut this week to support the marketWTI and Brent’s near-term outlook appears to be improving following the steep...
BRITISH POUND OUTLOOK:GBP/USD rallies after the UK government scraps expensive and unfunded plan to cut taxesWhile the Prime Minister’s credibility has been damaged, investors welcome the move towards a less irresponsible fiscal stanceThe...
ISM MANUFACTURING KEY POINTS:September ISM manufacturing falls to 50.9 from 52.8 in August, missing expectations for a more modest decline to 52.2The slowdown in factory activity suggests the U.S. economy may be teetering...
US PCE KEY POINTS:August U.S. consumer spending rises 0.4% on a monthly basis versus 0.2% expectedCore PCE, the Fed’s favorite inflation gauge, increases 0.6% month-on-month, compared to a forecast of 0.5%. Meanwhile, the...
