. The economic data dropped to 48.4 vs. the consensus of 48.5 and the former release of 49.0. The Institute of Supply Management cited that this is the lowest reading since May 2000.
The volume of manufacturing activities in the United States has dropped consecutively for the second month led by aggressive interest rate policy by the Federal Reserve for the entire CY2022. A spree of shrinkage in manufacturing activities has bolstered expectations of a further decline in inflation expectations. This might force Fed chairto wrap up tight monetary policy quickly and resume providing monetary support to firms for addressing their investment and expansion plans.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: Sentiment turns cautious ahead of FOMC minutes, oil drops below $77.00Markets in the Asian domain are following the cautious mood adopted by the S&P500 on Tuesday as investors seek the release of the Federal Open Market
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian Stock Market: Traces recovery in S&P500 futures, oil struggles around $80.00Markets in the Asian domain have followed the footprints of S&P500 futures as the latter recovered sharply in early trade. United States equities futu
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock Market Today: What to WatchU.S. stock futures gained to start the new year. Follow the latest markets updates. Drop your handles let's follow you👁~🛢️
Source: WSJ - 🏆 98. / 63 Read more »
5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day. CNBC, PLEASE have girls learn some football lingo and drop ban on sports analogies. Becky talks it. Rather hear Joe and Mohamed El-Erian than ESPN or other sports announcers, except maybe Tony Romo, Chris Simms, Tony Dungy, and Fox Sports crew. Oh, and Payton and Eli. - Helen
Source: CNBC - 🏆 12. / 72 Read more »
STOCK MARKET NEWS: Markets higher, December PMI report, oil narrowly higher, gas, diesel spikeJOLTS, December unemployment reports give snapshot of economy. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. What aren't you reporting Fox?
Source: FoxBusiness - 🏆 458. / 53 Read more »
2023 will be an inflection year for the stock market, says Fairlead Strategies' StocktonKatie Stockton, Fairlead Strategies founder and managing partner, joins 'Squawk Box' to discuss more sideways market activity, the likelihood the market sees new lows this year and more.
Source: CNBC - 🏆 12. / 72 Read more »