UK PMI Services rose modestly from 49.0 to 50.2, while Manufacturing PMI edged lower from 45.4 to 45.1. As a result, the Composite PMI ticked up from 48.5 to 49.4, still below the 50-mark that separates expansion from contraction. According to S&P Global’s Chris Williamson, business confidence has improved since April, helped in part by […]
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European Session Recap European markets began the day on the back foot as market participants digested a proposed tax-cut bill that threatened to enlarge the US deficit. Opposition to President Trump’s tax plans and the Read more…
US initial jobless claims fell -2k to 227k in the week ending May 17, below expectation of 230k. Four-week moving average of initial claims rose 1k to 232k. Continuing claims rose 36k to 1903k in Read more…
When you join Costco or Sam’s Club, most people consider the membership fee relatively irrelevant. If you buy regularly at either chain, you certainly get that money back in savings over time and one big-ticket Read more…