US economy »

  • H.S. Borji

    US business inventories increased steadily in May, supporting expectations of a sharp rebound in economic growth in the second quarter. Business inventories rose 0.5 percent in May, following a gain of 0.6 percent in April that was the biggest in six months, the Commerce Department reported today in Washington. The reading was slightly below forecasts

  • H.S. Borji

    On Thursday finances.com gauged the prospects of a technology bubble in an article entitled, “Is a Tech Bubble Brewing?” The article noted the recent 14-year high of the tech-heavy Nasdaq 100 and cautioned investors social media stocks such as Twitter (NYSE:TWTR) may be overvalued. “So are social media stocks in a bubble?” asked David Becker

  • H.S. Borji

    US small business sentiment declined in June following three consecutive months of gains, as planned spending and expectations for better business conditions faded. The optimism index declined 1.6 points in June to 95.0, the National Federation of Independent Business reported today. That followed a reading of 96.6 in May that was the highest since September

  • H.S. Borji

    The Canadian dollar strengthened against its US counterpart Thursday, buoyed by a narrower trade deficit and brighter global prospects. The loonie, as the Canadian dollar is known, advanced 0.32 percent to reach 0.9404. The loonie climbed to a nearly six month high of 0.9411 earlier this week before declining in the Wednesday session. Canada’s currency

  • H.S. Borji

    The US private sector in June added the most workers since November 2012, the ADP Institute reported today, prompting some economists to re-evaluate their forecast for Thursday’s nonfarm payrolls report. On Thursday the Labor Department could show the US economy added 210,000 nonfarm payrolls in June, marking the fifth consecutive month job creation was above

  • H.S. Borji

    New orders for US factory goods slipped faster than forecast in May, as declining demand for military equipment ended three consecutive months of gains. US factory orders slipped 0.5 percent in May, after a revised gain of 0.8 percent the previous month, the Commerce Department reported today in Washington. A broad consensus of economists said

  • H.S. Borji

    US employment data take centre stage Wednesday when the ADP Institute provides an initial estimate of June nonfarm payrolls. The ADP report could show the US economy added 213,000 nonfarm payrolls in June, following a gain of 179,000 the previous month. ADP’s May estimate was well below the official payrolls figures released by the Labor

  • H.S. Borji

    The US manufacturing sector expanded for the thirteenth consecutive month in June, as new orders, employment and production expanded at a marked pace. The Institute for Supply Management’s gauge of national manufacturing activity for June eased slightly from 55.4 to 55.3. A median estimate of market analysts called for 55.8. The US manufacturing industry has

  • Forex » Weakness In US Manufacturing Data
    July 1, 2014, 16:55 GMT

    The Institute for Supply Management (ISM) has released it’s key manufacturing Purchasing Managers Index (PMI) for the US economy for the month of June. This is now showing at 55.3 compared to a May reading of 55.4 and a market consensus estimate for 55.8. Additionally, the ISM published the Prices Paid survey for the month,

  • H.S. Borji

    The US manufacturing industry continued to build momentum in June, as output and new orders expanded at the fastest pace in more than four years, Markit confirmed today in its final PMI estimate. Markit Group’s gauge of US manufacturing activity for June rose from 56.4 for 57.3. A reading above 50 is a general sign