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26.07.26 - 17:54
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The U.S. Economy Is Stronger Than Expected. That Could Keep Interest Rates Higher for Longer (24/7 Wall St.)
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The biggest question facing investors today isn't whether the U.S. economy is slowing — it's whether it's slowing enough for the Federal Reserve to finally begin cutting interest rates. New data suggests the answer may be no. S&P Global's flash PMI report for July showed business activity accelerating more than expected, pointing to an economy ... The U.S. Economy Is Stronger Than Expected. That Could Keep Interest Rates Higher for Longer...
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24.07.26 - 17:57
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US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3 (ZeroHedge)
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US PMIs Mixed But Still Signal Accelerating Economic Growth In Q3
With 'hard data' trending weaker, today's preliminary July PMIs offer the first glimpse at whether the reignition of the Iran War is weighing on 'soft' survey sentiment in the US economy.
The data was mixed (as always) with Manufacturing disappointing while Services accelerated more than expected:
Flash US Manufacturing PMI: 53.8 (June: 53.9). 4-month low.
Flash US Services PMI Business Activity Index: 53.6 (June: 51.2). 8-month high.
“US businesses reported a good start to the third quarter," said Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, adding that "the 'flash' PMI survey data broadly consistent with GDP growing at an annualized 2.0% against a 1.2% pace signalled for the second quarter."
The month saw an encouraging return to hiring by companies, with employment rising for the first time in three months.
“However, some of this improvement may prove shortli...
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24.07.26 - 13:18
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French Private Sector Contracts Marginally (AFX)
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PARIS (dpa-AFX) - France's private sector contracted only marginally in July as the services economy logged a notable turnaround, survey data from S&P Global showed Friday. The flash composite out......
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24.07.26 - 13:06
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CAC 40 Modest Higher On Strong PMI Data (AFX)
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BRUSSELS (dpa-AFX) - After a slightly weak start, France's equity benchmark CAC 40 climbed modestly higher on Friday as oil prices fell and preliminary data from S&P Global showed an improvement i......
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24.07.26 - 09:00
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Econ: Australia Jul S&P Global Composite PMI Flash Rises to 52.6 (AAStocks)
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S&P Global announced that, after seasonal adjustment, Australia's flash manufacturing PMI for Jul rose to 51.7 from the previous reading of 51.5, while the flash services PMI increased to 53 from the previous reading of 50.5.Australia's flash composite PMI for Jul rose to 52.6 from the previous reading of 50.4, marking two conse......
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