by Tyler Durden
Friday, Apr 16, 2021 - 07:46 AM
US equity futures and global stocks rose to new record highs and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the covid pandemic. At 7:00 a.m. ET, Dow e-minis were up 34 points, or 0.1%, S&P 500 e-minis were up 5 points, or 0.11% to a new all time high of 4,167, and Nasdaq 100 e-minis erased a decline of as much as 0.4% to trade little changed as of 7:20am in New York.
The benchmark S&P 500 and the blue-chip Dow are on course for their fourth straight week of gains, while the Nasdaq is less than a percent below its own all-time peak despite some turbulence last month. With the first-quarter corporate earnings season under way, focus will be on results from Morgan Stanley after bumper earnings earlier this week from JPMorgan, Goldman and Bank of America that reinforced hopes of a swift economic rebound. Oil companies, mainly Chevron Corp, Marathon Petroleum, Exxon Mobil
U S regional manufacturing strengthens in March: survey - World News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
3:40 AM MYT HOUSTON, Jan. 21 (Xinhua) U.S. Federal Reserve Bank of Philadelphia on Thursday reported that regional manufacturing activity continued to grow in January. According to the January Manufacturing Business Outlook Survey, the current indicators for general activity, new orders, and shipments increased notably this month and remained positive for the eighth consecutive month. The survey s future indexes remained at high readings and continue to indicate that firms expect growth over the next six months. The diffusion index for current activity increased from a revised reading of 9.1 in December to 26.5 in January. The percentage of firms reporting increases this month exceeded the percentage reporting decreases.
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HOUSTON, Dec. 17 (Xinhua) U.S. Federal Reserve Bank of Philadelphia on Thursday reported that regional manufacturing activity continued to grow in December, but growth was less widespread.
According to the December Manufacturing Business Outlook Survey, the current indicators for general activity, new orders, and shipments remained positive for the seventh consecutive month but fell notably from their readings in November. Some future indexes also moderated this month but continue to indicate that firms expect growth over the next six months.
The diffusion index for current activity fell 15 points to 11.1 in December, its lowest positive reading following its fall to long-term lows in April and May.
Dec 17, 2020 14:57 GMTFXStreet News
Philly Fed Manufacturing Index fell at a stronger pace than expected in December.
US Dollar Index remains depressed below 90.00 after the data.
The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey fell sharply to 11.1 in December from 26.3 in November. This reading missed the market expectation of 20 by a wide margin.
Key takeaways
“The current shipments index fell 11 points to 14.4 in December.”
“The current employment index has remained positive for six consecutive months but decreased 19 points to 8.5 in December.”
“The survey’s future indicators for activity and new orders were slightly weaker this month, but future indicators for shipments and employment improved.”