(European Session) – Dollar strengthens after manufacturing PMI beat; pound hits three-week low as manufacturing industry slows

(European Session) – Dollar strengthens after manufacturing PMI beat; pound hits three-week low as manufacturing industry slows Dollar strengthens The dollar continued its rally during the European session and managed to peak at a two-week high against its major peers following upbeat manufacturing PMI releases, although a music festival in Las Vegas turned into the deadliest mass shooting
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Stock indexes score broad record highs as manufacturing surges manufacturing surges Stocks started the new quarter with a solid performance that sent the Dow (+0.7%), S&P 500 (+0.4%), Nasdaq (+0.3%) and the small-cap Russell 2000 (+1.3%) to new record highs – the seventh in a row for the Russell. Investors viewed the massive shooting in
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 Empire State Manufacturing The New York Empire State Manufacturing Index in the United States decreased to 24.4 in September 2017 from a three-year high of 25.2 in the previous month. Still, the reading came in way above market expectations of 19, as the new orders index rose 4.3 points to 24.9 and the shipments index
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United Kingdom Manufacturing Production Manufacturing Production output in the United Kingdom increased 1.9 percent year-on-year in July of 2017, higher than a 0.6 percent gain in the previous month and beating market expectations of 1.7 percent. It is the fastest increase since March, with the largest upward contribution coming from transport equipment (+6.1 percent). Within
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US ISM Non-Manufacturing PMI Rises in August The ISM Non-Manufacturing PMI index for the United States went up to 55.3 in August of 2017 from 53.9 in July, compared to market expectations of 55.4. Improvements were seen in production, new orders and employment while inventories slowed and price pressures increased. The majority of services providers
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