Markets Strong US economic and labour market data easily offset lower-than-expected, outdated and difficult-to-interpret August PCE inflation figures yesterday. The combination of a significant upward revision to Q2 GDP with companies accelerating hiring (ADP reported +90k vs +75k expected and up from +36k in August) fit straight into Fed chair Warsh’ bullish economic narrative. US […]
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UK PMI Manufacturing rose from 51.7 to 51.9 in September, extending the sector’s expansion to an eleventh consecutive month. New orders increased for a tenth month and at a faster pace than in August, supported Read more…
Eurozone PMI Manufacturing rose from 52.7 to 52.9 in September, reaching a 52-month high, while the Output Index increased from 53.3 to 53.6, its strongest level in 55 months. The expansion also broadened geographically, with Read more…
Let’s be honest: If you drive a diesel truck or a gasoline-powered car, any trip to fill a fuel tank in September was shockingly painful. Maybe the fourth quarter will bring prices down. Wall Street Read more…