The ISM Manufacturing PMI for the US fell to 49.0 in November from 50.2 in the previous month, below analysts’ expectations of 49.8 and pointing to the first contraction in factory activity since May of 2020. New orders (47.2 vs 49.2), supplier deliveries (47.2 vs 46.8) and backlog of orders (40 vs 45.3) contracted faster and a decline was also seen for employment (48.4 vs 50). At the same time, both production (51.5 vs 52.3) and inventories (50.9 vs 52.5) rose less. On a more positive note, price pressures eased again (43 vs 46.6).
The US manufacturing sector again moved into contraction territory. Source: Bloomberg via ZeroHedge
Weak data for the dollar and theoretically should support further recovery on Wall Street due to reduced chances for higher rate hikes. In fact, we already know that the increases will be smaller, as the Fed has finally led to an economic slowdown. But the question is, has the economy not cooled down too much? If so, that's not very good news for indexes.
EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continues to trade above 1.0500 level. Source: xStation5
ข่าวเด่นวันนี้
BREAKING: จำนวนผู้ยื่นขอสวัสดิการว่างงานในสหรัฐฯ ปรับตัว สูงกว่าที่คาดเล็กน้อย
ปฏิทินเศรษฐกิจ: จำนวนผู้ขอรับสวัสดิการว่างงานสหรัฐฯ และคำกล่าวของ ECB ช่วยให้ตลาดผ่อนคลาย
ข่าวเด่น: เงินปอนด์ทรงตัว หลังตัวเลข GDP ของสหราชอาณาจักรออกมาต่ำกว่าที่คาด 🇬🇧 📉
