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Futures dialled back interest rates price drop
.... Markets implied 'terminal rate' for the Fed funds target rate next year dropped about 30 basis points over the past week and moved back into March from September - a little over 100 bps higher than current rates. There is still 66 bp of tightening priced for the November Fed meeting, but speculation is rising that the central bank will now opt for a 50 bp rise after three 75 bp hikes in a row. Two-year Treasury yields fell below 4% for the first time in two weeks, while 10 year Treasury yields lost half a percentage point in a week. After a strong rally on Monday, S&P 500 futures are up another 1% or more ahead of the open today, and the ...
Updated: 10/04/2022
S.Korea factory activity contracts for third consecutive month
... Global purchasing managers' index PMI saw a slight fall to 47.3 in September from 47.6 in August, marking the third month in a row under the 50 mark that separates expansion from contraction. The index declined for a fifth consecutive month and hit the ... ... curtailed the chip sector. The challenges from weaker demand were worsened due to continued easing of supply chain bottlenecks and price pressure. Suppliers' delivery times worsened by the least since January 2020, while input and output prices went down by ...
Updated: 10/04/2022
Manufacturing output contracts for third month in a row
The manufacturing output contracted for a third month in a row in September, hit by falling exports and uncertainty about whether or not the economy is on the brink of recession, according ... ... cheaper for overseas buyers. The currency weakness also raises the cost of imports of fuel and raw materials, which are often priced in dollars. The PMI report showed that input cost inflation went up for the first time in five months, partly due to the ...
Updated: 10/03/2022
Manufacturing activity in India lost ground in September
... September due to the fact that it hit 55.1, as opposed to August's 56.2. S&P Global India Manufacturing PMI said that expansion rates remained historically high despite cooling down from August. Manufacturing PMI was in expansion for the 15th month in a row, according to the S&P report. The report said that companies hired extra workers and added more inputs in order to accommodate higher sales. The upturn in input buying was aided by cooling price pressures. It said that purchasing costs rose at the slowest pace in just over two years, while output charge inflation fell to a seven-month low. Pollyanna De Lima , Associate Director at S&P Global Market Intelligence , said that the Indian ...
Updated: 10/03/2022
Victoria Beckham shows off her catwalk in Paris
... challenging time for her brand. A work-from- home zeitgeist has been an ill wind for a name that trades in jet-set glamour. Prices had to come down in order to boost sales. The celebrity circus around the Beckham name, which was invaluable for bringing ... ... that is easy to wear. That is what I like best, and I am not going to agonise over it. All was tasteful and serene in the front row, where Beckham 's son and daughter-in- law, Brooklyn and Nicola Peltz Beckham , drew a line under gossip. Beckham said he ...
Updated: 10/01/2022
China's factory activity contracts faster than expected in September
... Manufacturers have scaled back their purchasing activity, with the sub-index of quantity of purchases falling for the second month in September due to fewer new orders and efforts to reduce overall stock levels. Input costs went down for the second month in a row as prices of raw materials declined due to softer demand. In order to boost sales, producers looked to pass on some cost savings to customers, which led to the sub-index of output prices dropping at the fastest pace since December 2015. There are major problems ...
Updated: 09/30/2022
U.S. economy shrinks 0.6% in second quarter
The government announced on Thursday that the US economy fell by 0.6% from April to June, despite rising consumer prices and rising interest rates, the U.S. economy shrank at a rate of 0.8% from March to June; June, unchanged from its previous ... ... from April to June, unchanged from its previous second-quarter estimate. It was the second quarter of economic contraction in a row, one informal rule of thumb for a recession. Most economists believe that the world's biggest economy is not yet in a downturn ...
Updated: 09/29/2022
Dick’s becomes first brick-and-cort retailer to carry Peloton products
... companies announced Thursday. Dick s employees will be trained to assist customers with their products in specific Peloton displays. Dick s shoppers can also order Peloton products online in stores for delivery or pickup. Peloton and Dick s won't vary in its product pricing, although Dick s won't carry the recently announced $3,195 Peloton rowing machine, which is currently only available for preorder. Peloton has been trying to expand its customer base and stem its losses after enjoying a surge in demand during the Pandemic. The partnership with Dick s is the latest move under CEO Barry ...
Updated: 09/29/2022
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