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April 2021 ISM and Markit Services Surveys Remain Well Into Expansion The ISM declined but remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices are well into expansion. From Econoday: Most marked upturns in output and new orders on record Employment growth accelerates Cost pressures strongest on record April PMITM data indicated a marked and unprecedented expansion in business activity across the U.S. service sector. Supporti...

by Tyler Durden Friday, Apr 23, 2021 - 08:03 AM US equity futures rebounded Friday following Thursday's 1% selloff as investors digested a proposal for higher capital gains taxes and realized that i) it is nothing new compared to previous media reports and ii) the most likely outcome is a compromise tax rate (Goldman expects a final number no higher than 28%).  Still, both the S&P 500 and Dow are on course for weekly declines, after four straight weeks of gains. At 730 a.m. ET, Dow e-minis were up 38 points, or 0.11%, S&P 500 e-minis were up 9 points, or 0.22%, and Nasdaq 100 e-minis were up...

5 Gold Stocks to Keep an Eye on as Gold Prices Stabilize Zacks.com 4 hrs ago Gold futures for June delivery gained 0.8% to close at $1,741.50 an ounce on Apr 6 courtesy of a weaker dollar and as yield on the benchmark 10-year Treasury note declined to 1.64% — the lowest in two weeks, with global stocks trading around all-time highs. The yellow metal seems to have regained footing after losing 8% of its value so far this year due to vaccine rollouts and strong optimism over economic recovery. Popular Searches According to the latest Labor Department report, total nonfarm payroll employment...

March 2021 ISM and Markit Services Surveys Show Improvement The ISM significantly improved and remained in expansion whilst the Markit PMI improved and advanced further into expansion. Analyst Opinion of the ISM and Markit Services Survey With the economy reopening, it comes as no surprise that both of these indices improved. From Econoday: Upturns in output and new orders accelerate to strong rates Price gauges hit highest on record amid supply chain disruptions Business optimism improves since February March PMITM data indicated a substantial increase in business activity across the U.S. se...

by Tyler Durden Monday, Apr 05, 2021 - 08:00 AM S&P futures surged and most Asian stocks climbed (Europe remains closed for Easter holiday) as investors digested Friday’s unexpectedly strong jobs report which showed the strongest jobs growth in seven months and could mark the beginning of the best annual economic growth in nearly four decades. Bond yields rose modestly after Friday's spike, while the dollar and gold were both unchanged. At 730am, Dow E-minis were up 226 points, or 0.68%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 59.75 points, or 0.45%. Futur...