Source: University of Michigan Consumer sentiment posted a rebound in September, but the latest figures still indicate depressed optimism. XLY is up 0.24%, while VCR is up 0.01%. The Index of Consumer Sentiment stood at 72.8 in September, up 3.6% from the 70.3 reading in August and 9.5% lower than the 80.4 recorded September last year.The Current Economic Conditions index … [Read more...] about Consumer Sentiment Posts Rebound in September
US Reverse Repo Program Rakes in Record $1.605T
Source: MarketWatch The United States Federal Reserve’s reverse repurchase program raked in record inflows overnight after lawmakers approved an extension of government spending to December 3. The reverse repo program collected $1.605 trillion of cash from 92 firms that took part in the operation.This comes as Congress on Thursday approved a measure to extend government … [Read more...] about US Reverse Repo Program Rakes in Record $1.605T
Canadian Manufacturing Growth Cools Slightly in September
Source: IHS Markit Canadian manufacturing grew further in September as manufacturers recorded higher production volumes, extending the sector’s growth for the 15th straight month. EWC is down 0.19%. The IHS Markit Canada Manufacturing Purchasing Managers’ Index was 57.0 in September, slightly lower than August’s 57.2. The latest reading marks the 15th straight month … [Read more...] about Canadian Manufacturing Growth Cools Slightly in September
Personal Income and Spending up in August Amid Higher Wages and Benefits
Source: Bureau of Economic Analysis Both personal income and disposable personal income continued to expand in August while spending rebounded, driven by the higher employee compensation and government benefits during the period. DXY is down 0.18%. Personal income grew by 35.5 billion or 0.2% in August, slower than the 1.1% increase recorded in July. Disposable personal … [Read more...] about Personal Income and Spending up in August Amid Higher Wages and Benefits
UK Manufacturing Slips to Seven-Month Low in September
Source: IHS Markit UK manufacturing eased for the fourth straight month to its lowest level in seven months in September, dragged by the continued supply chain constraints and labor shortages. EWU is flat premarket. The IHS Markit/CIPS Purchasing Managers’ Index stood at 57.1, down from 60.3 the previous month. This is the lowest since February.Growth slowed across the … [Read more...] about UK Manufacturing Slips to Seven-Month Low in September
