Recent Event Highlights: Economic Watchdog, September 22 - Inside Futures, What the ISM Told Us About the Recession's End - Seeking Alpha, Goldman: The ISM Manufacturing Index Will Collapse By 2011 - The Business Insider, 01092010 us ism manuf gbpjpy 30 point.wmv, Ahead of the Bell: ISM service sector index - BusinessWeek, Market Update: DJIA Rally Hits a Wall After ISM Services Index Declines - Schaeffers Research, and 115 more...
Created by dipity on Sep 1, 2009
Last updated: 12/05/10 at 06:17 AM
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RTT NewsEconomic Watchdog, September 22Inside FuturesThis report will be interesting considering that the ISM Index was above 50, but data from the Philadelphia and New York Fed regions was disappointing.Theme of the Week: A Housing Data HoedownWall Street Journal (blog)all 410 news articles »
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What the ISM Told Us About the Recession's EndSeeking AlphaI've often said that the monthly ISM index has been a pretty reliable indicator of where NBER dates recessions. This time around, the ISM was slow in ...and more »
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Goldman: The ISM Manufacturing Index Will Collapse By 2011The Business InsiderThe ISM Index of US manufacturing could collapse from its current 56.3 level to below 50, says Goldman Sachs. This would imply that manufacturing activity ...and more »
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oneminute$profit action on news trapping. US ISM index
Ahead of the Bell: ISM service sector indexBusinessWeekISM said on Wednesday that the manufacturing sector expanded for the 13th straight month as factories boosted production. Managers in the survey signaled ...ISM Services Index's Growth Slows in AugustTransport Topics OnlineUS services-sector growth slows in August, ISM saysMarketWatchServices Sector Growth Slowed in AugustDailyFinanceForbes (blog) -Action Forex -The Associated Pressall 369 news articles »
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Market Update: DJIA Rally Hits a Wall After ISM Services Index DeclinesSchaeffers ResearchElsewhere, the ISM reported that its services index slowed to 51.5% in August from July's reading of 54.3%. Economists were expecting a more moderate ...and more »
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Indexes Pair Gains After ISM Non Manufacturing IndexBenzingaThe indexes have paired their gains in half, after a weaker than expected non manufacturing ISM number. Economists were looking for a reading of 53.0, ...Stocks Slip on ISMBriefing.comStock Market UpdateBriefing.comDow, S&P Pare Gains on Weak ISM Services ReportBarron's (blog)Briefing.com -Briefing.comall 19 news articles »
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TREASURIES-US bonds reduce losses after weaker ISM indexReutersThe 30-year bond US30YT=RR, down two points before the ISM index was released, was down 1-21/32 afterwards. Its yield stood at 3.81 percent versus 3.72 ...and more »
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Gold & Investment in Failure By: Jim Willie CB, GoldenJackass.com news.goldseek.com -- Posted Thursday, 2 September 2010 Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion. The public is alarmed, even frightened, by the sequence of events, without much benefit of comprehension of what is happening or which clans are in control. The degree of deception hit a peak during the TARP Fund creation and disbursement, done behind private closed doors for the replenishment of sacred preferred stock, that bridge between corporate bonds and stock equity. The deception hit a very high pitch with the financial titan failures, the entire string of them. It has never stopped since. The economic data and promising forecasts (mere marketing group propaganda) featured Green Shoots, Jobless Recovery, and the totally vacant Second Half Recovery that is useful every initial six months to sway the ignorant masses. Just what is happening is difficult to describe succinctly. But the main description reads like an obituary. The most recent and visible distortion is not of price inflation, which has zoomed at 7% annually for a couple years, but rather the Institute of Supply Mgmt. The ISM index has somehow registered a slight increase from July to August, despite almost every single regional index faltering badly. See the careening Philly Fed, from plus 5.1 to minus 7.7 in the ...
Gold & Investment in Failure By: Jim Willie CB, GoldenJackass.com news.goldseek.com -- Posted Thursday, 2 September 2010 Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion. The public is alarmed, even frightened, by the sequence of events, without much benefit of comprehension of what is happening or which clans are in control. The degree of deception hit a peak during the TARP Fund creation and disbursement, done behind private closed doors for the replenishment of sacred preferred stock, that bridge between corporate bonds and stock equity. The deception hit a very high pitch with the financial titan failures, the entire string of them. It has never stopped since. The economic data and promising forecasts (mere marketing group propaganda) featured Green Shoots, Jobless Recovery, and the totally vacant Second Half Recovery that is useful every initial six months to sway the ignorant masses. Just what is happening is difficult to describe succinctly. But the main description reads like an obituary. The most recent and visible distortion is not of price inflation, which has zoomed at 7% annually for a couple years, but rather the Institute of Supply Mgmt. The ISM index has somehow registered a slight increase from July to August, despite almost every single regional index faltering badly. See the careening Philly Fed, from plus 5.1 to minus 7.7 in the ...
The Stock Market is rejoicing with some optimism (or overreaction, in my opinion) to the increase in ISM index and news of some growth in Australia and China. As a result, the Stock Market is way Up today, pulling money from the Bond Market. The Bond Market had a very good day yesterday, which was also a bit of an overreaction -that seems to be the trend of late, which is why I cautioned this week will be volatile. The reason why I say overreaction to the optimism is the ADP Job numbers came in at a negative number and the Construction spending was negative. The economic news that I view doesn't support growth. Because of the ISM and the news in the Pacific, some economists are thinking that we may not have a double dip, but a very modest growth period. Not to sound negative, but I personally prefer to see more improved, positive numbers before feeling too optimistic. Mortgage rates are still very good, but did drop a little from yesterday's high's. We will probably have some volatility tomorrow too, as we have the initial jobless claims released. Hold on to your hats because it will be a rollercoaster ride this week. Have fun!!!
Der nationale Index der Einkaufsmanager im verarbeitenden Gewerbe der USA ist im August entgegen den Erwartungen gestiegen. Außerdem fiel der Anstieg sehr kräftig aus. Nach Angaben des Institute for Supply Management (ISM) kletterte der Index auf einen Stand von 56,3 Punkten. Das ließ die Aktienmärkte weltweit nach oben schnellen. Der Dax kletterte um rund drei Prozent. Die Rentemärkte gaben im Gegenzug deutlich nach. Holger Scholze fasst einen turbulenten Börsentag zusammen.
IBTimesAhead of the Bell: ISM manufacturing indexBusinessWeekEconomists polled by Thomson Reuters forecast that the index from the Institute for Supply Management slipped to 53.0 in August from 55.5 in July. ...Surprise Increase in ISM Manufacturing IndexSeeking Alpha (blog)ISM Manufacturing Data Refutes Talk of an Economic SlowdownBriefing.comAugust ISM SURGES To 56.3, Way Ahead Of ExpectationsThe Business InsiderBenzinga -Action Forex -Daily FXall 382 news articles »
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ISM factory index surprisingly climbs in AugustMarketWatchThe closely-watched employment index increased to 60.4% from 58.6% in the prior month. This is the highest level since December 1983. ...and more »
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European stocks extend gains after ISM dataMarketWatchFRANKFURT (MarketWatch) -- European stocks rallied on Wednesday, extending gains after US data showed an unexpected rise in the ISM manufacturing index for ...France's CAC-40 index surges 3.8%, as shares of Vivendi rise after resultsMarketWatchCarmakers continue to rally in EuropeFinancial TimesMADRID (MarketWatch) -- European stocks advanced Friday, rallying in the wake ...MarketWatchReuters -RTT Newsall 307 news articles »
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www.guerillastocktrading.com (CLICK FOR FULL REPORT) Here at GuerillaStockTrading I predicted a double dip recession all the way back in early May using the evil sell off in the Homebuilders Index (XHB) so I am not really in agreement with Bernanke that the economy has weakened more than expected. Once again, the S&P 500 closed down for the week as the current downtrend continues. In the video below, I do technical analysis on SPY last week and show you a key support level you need to watch. The key support level to watch next week is $104.30 on SPY. We had a double bottom test of this level last week on Wednesday and Friday. Important fundamental analysis reports to be released next week are: Aug 31 Consumer Confidence Aug 31 Minutes of FOMC Meeting Sep 01 ISM Index Sep 01 Auto Sales Sep 02 Unemployment Claims Sep 02 Factory Orders Sep 02 Pending Home Sales Sep 03 Nonfarm Payrolls Sep 03 Unemployment Rate
Good Economic News for Jobs and Growth in Services Industry. The ADP Payroll report shows new jobs for July and the ISM Non-Manufacturing Index showed a little more growth in July. Typically, the Traders don't put too much emphasis on the ADP because it's not always in line with what the Government reports (Employment figures will be reported this Friday -definite Market Mover). But the information coupled together created a bit more optimism in the Stock Market. As a result, money is leaving the Bond Market today and Mortgage Rates are Up a little bit.
US stock futures are trading lower Wednesday ahead of data on private-sector employment for July. The ADP report, which comes out at 8:15 AM ET, comes ahead of the closely watched nonfarm payrolls data due on Friday. Economists expect that private employers added 40000 jobs in July. The ISM non-manufacturing index for July is also due out today, at 10 AM ET. Economists expect that the services index fell to 53 in July, from 53.8 in June. A reading above 50 indicates growth in the sector. In corporate news, Qwest Communications International (NYSE:Q) reported Q2EPS of $0.09, in line with consensus estimates of $0.09. Revenues fell 5% year-over-year to $2.93 billion, ahead of consensus estimates of $2.91 billion. RR Donnelley & Sons Company (NASDAQ:RRD) reported Q2 EPS of $0.47, topping consensus estimates of $0.36 per share. Revenues rose 2.2% year-over-year to $2.41 billion, ahead of consensus estimates of $2.36 billion. The Dow Jones Industrial Average (DJI) futures are trading 22.00 points below fair value, the S&P500 (INX) futures are trading 3.10 points below fair value, and the Nasdaq Composite (IXIC) futures are trading 5.00 points below fair value.
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European stocks rose to the highest level in a week on speculation that the recent sell-off has been overdone and that European banks would pass stress tests. Support also came overnight from a broad rally in Asia. European Central Bank Governing Council member Christian Noyer said French banks were likely to pass. Asia gained, in part, after the Reserve Bank of Australia offered an upbeat assessment of the global economy, giving an extra boost to mining stocks. Although the June ISM index in the United States was lower than expected, investors took heart that the index continued to signal growth. Balfour Beatty Plc jumped after it said it expects its order book to increase, Bloomberg reports. BP (BP) rises on an upgrade by RBS to Buy from Hold. Investors also are speculating that the company is seeking out private funding from Kuwait, Qatar, Singapore, and Abu Dhabi to stave off hostile takeover bids from rivals including ExxonMobil (XOM) and Total (TOT), according to Reuters. Spain's IBEX 35 index rallied as the government sells 10-year bonds to help fund its budget deficit.
Economic growth eased in June, according to a widely watched index of the service sector, surprising economists, who had been looking for a much smaller decline. Still, the index suggested the economy is still growing. Stocks, which got of to a strong start out of the gate, appear to be adding to gains with the major indexes all up near 2% in early trading. Nasdaq leads up 1.9% while the Dow is up 151 points or 1.57%. The Institute for Supply Management said its non-manufacturing index fell to 53.8 compared with 55.4, which the index had registered for three consecutive months. Economists were looking the index to fall to 54.5. The employment index fell to 49.7 in June from 50.4 in May. The market got a strong start on news out of Australia, where the central bank held steady on rates and China, where economic activity appeared to pick up.
Stock futures are leaning towards a higher open after Asian and European shares rose on hawkish comments from the Australian central bank and a rally in Europe. However, ISM data are due at 10 am EDT. Last week ahead of the three-day weekend, data were generally weak, pressuring stocks. Economists polled by Thomson Reuters expect the ISM index likely dipped to 55 in June from 55.4 a month earlier.
AIRS Invest Morning Report June 2nd 2010 - Mkt volatility remains highs on ongoing European banking concerns and now BP under possible criminal charges over Oil spill. ASX 200 trading 4350-4425 range ahead of AUD Mar qtr GDP this morning.
Manufacturing is down slightly from April's numbers, but it's still reflecting productivity. On the Technical side, the Euro is currently at a 4 year low and China's ISM Index has showed it's economy slowing down. As a result, Traders are concerned with the difficult road to our economic recovery may be that much more difficult. China needed to slow it's economy, as it was growing too rapid. With this in mind, then you have to wonder if it's still possible for the US to see any growth any time soon (?). As a result, the Stock Market dropped at the last few ticks of the day. The Bond Market was down for the day, but started much higher than it's close on Friday. As a result, the Interest rates should show some improvement from Friday's numbers.
The Institute for Supply Management's manufacturing gauge fell to 59.7, from 60.4 in April, showing that manufacturing in the US expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales in the US and abroad, according to a Bloomberg report. Readings greater than 50 indicate expansion. April's level of 60.4 was the highest level in almost six years.
The best performing currency pair as of June 01, 2010 is the GBPUSD coming from a low of 1.4258 and has made a strong reovery due to the expanded manufacturing figures in Britain. Although, on the technical stand point an exhaustion bar representing a doji candle stick has formed on a weekly basis that also ignited a buying convergence on the low price levels. knowing that the previous low was at 1.4258 the risk would have been at a minimal level and well worth taking as the GBPUSD since the opening of the month has gone down to a low as 1000 pips providing a probable recovery on a daily basis between 150-250 pips which it has shown with this timely movement. these is above the recent Canadain rate hike and the ISM manufacturing index report which happens to be better than expected that should have given the USDX more fuel, but a corrective move after the report prevailed as investors and traders will be waiting for the NFP / Jobs figures before the end of this week of June 04, 2010 Meanwhile, the cross rate of the EURGBP confirms its downtrend heading to the 0.8140-50 trendline support in the near term. This would limit any possible recovery for the Euro on the high side otherwise supported with a USD corrective move lower. Please visit our website: www.megatrade101.com for more forex articles that may be useful for your trading. Our trading blog at http
The Trading Week: May 31 − June 4FXstreet.com The Forex MarketUSD- US ISM Manufacturing Index, a leading indicator of industrial activity, where a reading above or below 50 is the dividing line between economic ...and more »
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U.S. stocks to try to recover after rough rideMarketWatch"For example, the LEI [Leading Economic Indicators] slowed last month for the first time in many months, and some investors are wondering if ISM [Institute ...and more »
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* What: ISM non-manufacturing indexReutersIf Europe's troubles are slowing down the US economy, the first place that would likely show up is in the manufacturing ISM's new orders component index. ...Expected events during upcoming weekMyiris.comSigns of reliefFXstreet.com The Forex MarketUS: Euro crisis could speed up manufacturing slowdownFXstreet.com The Forex Marketall 7 news articles »
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ReutersTo rally, stocks need Europe end gameReutersThe ISM manufacturing index is due out on Tuesday, the first US trading day in a holiday-shortened week, while the ISM services index is due on Thursday. ...and more »
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Midwest Factory Growth CoolsInvestor's Business DailyThe ISM-Chicago business index fell 4.1 points in May to 59.7, down from April's 5-year high and a little below views, but still well over the neutral 50 ...Chicago PMI index off 5-yr highs in MayMarketWatchChicago Purchasing Managers, Prelude to Weak ISM24/7 Wall St. (blog)Chicago PMI is Good News/Bad News for Steel BusinessSteel Market Update (blog)Transport Topics Online -Trading Markets (press release) -NASDAQall 16 news articles »
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Globe and MailGold Ends May at Record-High Monthly Close; Stocks, Oil & Euro Stumble on ...BullionVaultThe Chicago PMI index of manufacturing sentiment slipped. Next week's US economic highlights include Construction Spending and the ISM Index on Tuesday, ...Oil Posts First Weekly Gain In MayRTT NewsFXWRAP: Ratings Downgrade Sends Euro Reeling Ahead of WeekendMarket News InternationalU.S. Stocks Suffer Big Monthly LossesInvestor's Business DailyFinancial Times -NEWS.com.auall 1,334 news articles »
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It's About Jobs, Not EarningsZacks.comThursday has the normal weekly initial claims for unemployment insurance as well as the ADP report on job growth, the ISM Service Index, Factory orders and ...Economic First Look: Jobs Jobs JobsTheStreet.com (subscription)US Data Releases Next WeekIndia Infoline.comall 5 news articles »
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Kansas City StarUS dollar likely to fall vs euro next weekReutersTuesday's releases include a report on construction spending in April, forecast to have fallen 0.1 percent and the ISM manufacturing index for May, ...Chill Pills for Euro InvestorsAction Forexall 2,254 news articles »
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ISM-NY's Current Business Conditions Index at Highest Level on Record, Up 44.5 ...StreetInsider.com (subscription)According to a recent survey by the Institute for Supply Management - New York, their Current Business Conditions index increased a whopping 44.5% from 62.2 ...
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greece is getting their bailout. and the oil slick is now larger then the state of new jersey. but investors like the ism index the highest level in 6 years. plus there's a very important observation you should watch the video.
Happy Monday Morning. We have quite a bit of Economic News today, starting with Personal Income, Personal Spending, Core PCE and ISM Index. All have risen slightly. Core PCE still remains in friendly Inflationary Territory, so that is good news. Currently the Gain on Friday has been wiped out today, as Investors are moving money into the Stock Market.
ISM Index of Manufacturing in US Rose to 60.4 in AprilBloombergMay 3 (Bloomberg) -- The Institute for Supply Management's index of manufacturing in the US rose to 60.4 in April from 59.6 a month earlier, ...ISM nonmanufacturing index flat at 55.4% in AprilMarketWatchAhead of the Bell: ISM service sector indexBusinessWeekAhead of the Bell: ISM manufacturing indexThe Associated PressSeeking Alpha (blog) -Transport Topics Online -NASDAQall 651 news articles »
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US stock futures are trading higher Monday with focus on the Continental (NYSE:CAL) and United Airlines (NASDAQ:UAUA) merger, economic data, and the aid package for Greece.Economic reports due out include personal income data at 8:30 AM ET, March construction spending at 10:00 AM ET, and the ISM manufacturing index for April at 10:00 AM ET. European markets posted modest losses as the agreement of a bailout package for Greece from eurozone members and the IMF, worth $146 billion, failed to reduce concerns about debt spreading to other nations. The European Central Bank also said that it plans to suspend the minimum credit-rating threshold for all Greek government debt. In corporate news, United Airlines parent UAL Corp. and Continental Airlines confirmed an all-stock tie-up. Norsk Hydro agreed to buy key mining assets from Vale SA (NASDAQ:VALE) for $4.9 billion in cash and stock. The Dow Jones Industrial Average (DJI) futures are trading 37.00 points above fair value, the S&P500 (INX) futures are trading 5.80 points above fair value, and the Nasdaq Composite (IXIC) futures are trading 10.25 points above fair value.
04/05/10 The US dollar traded mixed against the major currencies. The ISM services index and pending home sales came in better-than-expected.
economic data continues to show growth. and the ism index and home sales were better then expected. and there's a positive on the job rolls. but...
Recap: Strong manufacturing reports from China, the UK, Euro-zone and the US helped to fuel an across-the-board rally in global equities, commodities, and growth-linked and higher yielding currencies. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
•Mon: Apollo Group (NASDAQ:APOL), Cal-Maine Foods (NASDAQ:CALM) •Tues: China National Offshore Oil Corporation (NYSE:CEO), LDK Solar (NYSE:LDK), Seally Corp (NYSE:ZZ) •Wed: Cascade (NASDAQ:CAGC), The Mosaic Company (NYSE:MOS) •Thurs: CarMax (NYSE:KMX) •Fri: N/A •Economic Data: (Est. in Parentheses) Personal Income and Outlays Feb, Redbook, S&P Case Shiller Jan, Consumer Confidence Mar, ADP Employment Report Mar, Motor Vehicle Sales Mar, Monster Employment Index Mar, Challenger Job-Cut Mar, Jobless Claims, ISM Mfg Index Mar, Construction Spending Feb, Employment Situation Mar •FedSpeak: Atlanta Fed President Dennis Lockhart (Wed)
MPT Market Report - 1st March 2010 Daily forex market reports, available from the MyPrivateTradeTV YouTube Channel. www.myprivatetrade.com. Last week, the Euro Dollar remained turbulent with a range of over 240 pips. However it closed for the week at the same level as it opened, 1.362. Following the mediocre UK GDP and mortgage approval figures last week, Sterling slid 329 pips against the Dollar, from Mondays high of 1.5569, to close at 1.5240 on Friday. And the Yen battled with the Dollar, making up 306 pips over the course of the week to close at 88.84. Looking ahead, UK Mortgage approval figures announced today were just slightly less than expected, at 48000. This may have a bearish effect on Sterling. The UK Purchasing Manager Index for manufacturing was also released earlier. This captures the business conditions in the manufacturing sector. The result was slightly better than expected, at 56.6, which may be seen as bullish for Sterling. In the US, Core personal consumption figures are due out at 14.30 CET. This is an average amount of money spent by consumers each month and acts as a core measure of inflation. A high reading may be bullish for the Dollar. At 16.00 CET, the ISM manufacturing index figures will be announced. This is a measure of conditions in the US manufacturing sector. A result above 50 is typically seen as bullish for the Dollar. The consensus is for a result around 69.3 today. And finally, at 00.30 CET, Japan will be announcing its Jobless and ...
The major US equity indices closed mixed on Wednesday after a report about growth in the nation's service businesses from the Institute for Supply Management fell short of expectations. The ISM said its index of service activity rose to 50.5, up from 40.8, but just below economists expectations of a rise to 51. ADP reported that employers cut 22000 non-farm, private jobs last month, which was the best showing since employment started to weaken in February 2008. In corporate news, Cisco Systems (NASDAQ:CSCO) reported fiscal Q2 EPS of 40 cents, ex-items, ahead of the consensus estimates of 35 cents per share. Revenues for the quarter rose 8% year-over-year to $9.8 billion, topping the consensus estimates of $9.4 billion. Akamai Technologies (NASDAQ:AKAM) reported fiscal Q4 EPS of 46 cents, ex-items, ahead of the consensus estimates of 43 cents per share. Revenues rose 12% year-over-year to $238.3 million, topping the consensus estimates of $233.5 million. The Dow Jones Industrial Average (DJI) closed 0.26% lower at 10270.55, the S&P500 (INX) closed 0.55% lower at 1097.28, and the Nasdaq Composite (IXIC) closed 0.04% higher at 2190.91
Excerpt
...any value above 50 implies growth and January's result was still an improvement over December. Breaking down the ISM index into its components, the Employment Index (within the total ISM Services calculation) remains well below the 50 level, though it improved...
Source Info
The Business Insider
http://feedproxy.google.com/~r/businessinsider/~3/j8VX4LpVa4o/ism-services-index-misses-expectations-2010-2
Feb. 1 (Bloomberg) -- Norbert Ore, chairman of the Institute for Supply Management's manufacturing business survey committee, talks with Bloomberg's Lori Rothman and Mark Crumpton about the January US manufacturing report. Manufacturing expanded in January at the fastest pace since August 2004, spearheading the US recovery from the worst recession since the 1930s. The ism's factory index rose to 58.4, exceeding the highest estimate in a Bloomberg News survey of economists. (Source: Bloomberg)
Excerpt
...report provides significant assurance that the manufacturing sector is in recovery,” said. Norbert Ore, chair of the ISM’s Manufacturing Business Survey Committee. “Both the new orders and production indexes are above 60%, indicating strong current and future...
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FOX Business
http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/V8-uI-1vQoU/
Excerpt
...may teeter. The jobless rate read 10 percent in December, and is expected to stay elevated for years. The ISM's employment index rose in December to 52 from 50.8, the third straight month it has topped 50. That signals companies may be more inclined to hire...
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San Francisco Chronicle
http://feeds.sfgate.com/click.phdo?i=ef8179289bdd00fb79ad63dd0c06cd1f
Excerpt
...A PMI below 42 percent indicates the overall economy is declining. Beginning in January 2008, ISM began calculating a composite index for the Non-Manufacturing sector (NMI). The ISM Report On Business® is considered by many economists to be the most...
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Freshnews.com
http://www.freshnews.com/node/273341
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