Source: Reuters The United States prevented the Russian government on Monday from making payments of its sovereign debt of over $600 million from reserves held at US banks. RUBUSD down -0.86% The move seeks to intensify pressure on Moscow and eat into its holdings of dollars.Under sanctions imposed after Russia’s invasion of Ukraine on February 24, foreign currency … [Read more...] about US Treasury Blocks Russian Debt Payments, Raising Concerns of Default
USA
Fed’s Rate Tightening to Bring About ‘Very Volatile Markets,’ Jamie Dimon Says
Source: FT The tightening of monetary policy in the United States could bring about “very volatile markets,” according to JPMorgan Chief Executive Jamie Dimon. QQQ is up 1.69% Dimon in a letter to investors said he did not envy the Federal Reserve given the measures it would have to take, as inflation continues to mark historic highs.Dimon believes that measures that the … [Read more...] about Fed’s Rate Tightening to Bring About ‘Very Volatile Markets,’ Jamie Dimon Says
US Manufactured Goods Orders Fall in February After 9 Straight Months of Increases
Source: Census Bureau US new orders for manufactured goods fell by 0.5% or $2.7 billion to $542.0 billion in February, the first decline after nine straight months of increases. SPY is up +0.50%, DXY is up +0.27%. The new orders for manufactured durable goods declined by 2.1% or $5.8 billion to $271.7 billion accelerating a four straight month of decreases. Shipments … [Read more...] about US Manufactured Goods Orders Fall in February After 9 Straight Months of Increases
Manufacturing Growth Falls to 18-Month Low in March
Source: Institute for Supply Management Manufacturing growth slipped to an 18-month low in March, as demand weakened from the previous month. QQQ is down 0.29%. The March Manufacturing PMI stood at 57.1%, 1.5 percentage points lower than the 58.6% in February. This is the lowest since September 2020’s 55.4%.The New Orders Index fell by 7.9 percentage points to 53.8%, … [Read more...] about Manufacturing Growth Falls to 18-Month Low in March
US Nonfarm Payroll Growth Retreats in March
Source: Bureau of Labor Statistics Nonfarm payrolls expanded at a slower pace in March, with growth driven mainly by service-providing firms during the month. QQQ is down 0.07%. Payrolls increased by 431,000 in March, lower than the 750,000 in February and 704,000 in March 2021.Private payrolls increased by 426,000, including 60,000 in goods-producing firms and 366,000 in … [Read more...] about US Nonfarm Payroll Growth Retreats in March
