The headline manufacturing PMI edged down 0.1 point to 54.5 in September, but remained in expansion for a ninth consecutive month. ISM indicated that the reading was consistent with annualized real GDP growth of 2.4%. The September release points to firmer demand beneath the stable headline. New orders rose 1.6 points to 55.3 and backlogs […]
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The sell-off in global bond markets is causing headaches around the world. Higher benchmark interest rates mean higher borrowing costs for governments, companies and households alike. A bond market rout is therefore dicey territory for Read more…
In focus today From the US, the minutes from the September FOMC meeting will be released tonight. We will look for signs of the FOMC being more divided than the unanimous decision to hike rates Read more…
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