KBC News Picks
US: ISM new orders rise above 50 in May
Tue, Jun 2 2009, 09:05 GMT
by KBC Market Research Desk
KBC Bank | View company's profile
Vote:

9

0
In May, the US manufacturing ISM showed its fifth consecutive improvement. The headline index rose from 40.1 to 42.8, slightly above the consensus estimate (42.3). Looking at the details, new orders (51.1 from 47.2) climbed above the boom/bust level, for the first time since November 2007. Also production (46.0 from 40.4), backlog of orders (48.0 from 40.5), supplier deliveries (49.8 from 44.9) and new export orders (48.0 from 44.0) rose significantly, while imports (42.5 from 42.0) increased more moderately. Producers became somewhat more negative about inventories with both inventories (32.9 from 33.6) and customer inventories (46.0 from 49.5) deteriorating. Employment stayed broadly unchanged (34.3 from 34.4), while prices paid rose sharply (43.5 from 32.0). The growth in new orders is an encouraging sign as the sub-index is considered as a leading indicator, but both inventories and employment remain close to the record lows.
Other: UK manufacturing PMI surprises on the upside
In the UK, manufacturing PMI surprised again on the upside of expectations in May. UK manufacturing PMI rose from an upwardly revised 43.1 to 45.4, while the consensus was looking for an outcome of 44.0. The index is now at its highest level since June 2008 and significantly above the low (34.5) reached in November last year. This outcome confirms that the worst for the UK economy might be behind us.
Published on
Tue, Jun 2 2009, 09:11 GMT
Archive
- US: CPI stayed flat in February restrained by energy
Published On Fri, Mar 19 2010, 08:08 GMT
- US: PPI falls more than expected on energy
Published On Thu, Mar 18 2010, 08:26 GMT
- US: Industrial production unexpectedly rose in February
Published On Tue, Mar 16 2010, 08:10 GMT
- US: Core Retail sales surge, as the consumer kicks back
Published On Mon, Mar 15 2010, 08:36 GMT
- Other: UK trade deficit biggest since August 2008
Published On Wed, Mar 10 2010, 08:43 GMT
[ View All ]
Legal disclaimer and risk disclosure
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
Vote:

9

0
Related reports
Continued Economic Recovery, Low Inflation by Wells Fargo Investments, LLC
Fri, Mar 19 2010, 19:58 GMT
USD higher, Greek debt worries, India hikes rates by Easy Forex
Fri, Mar 19 2010, 18:04 GMT
EUR/USD: No time for reversal yet by FXstreet.com Independent Analyst Team
Fri, Mar 19 2010, 15:27 GMT
Stock Traders focusing on Quadruple Witching by ForexHound.com
Fri, Mar 19 2010, 14:36 GMT
Discount rate discussions keeping floor under bonds by Interactive Brokers LLC
Fri, Mar 19 2010, 14:29 GMT
indicator, eurusd, ism
[ View All ]
Related content
Forex: EUR/USD ends week below 1.3550, first time in 10-months
FXstreet.com | Fri, Mar 19 2010, 20:31 GMT
Indices: FTSE closes with loses, correction
FXstreet.com | Fri, Mar 19 2010, 16:39 GMT
Forex: EUR/USD finds support at 1.3500
FXstreet.com | Fri, Mar 19 2010, 16:24 GMT
Forex: CAD suffers Greenback strength
FXstreet.com | Fri, Mar 19 2010, 16:03 GMT
Commodities: Oil collapse follows risk-market reversal
AAP | Fri, Mar 19 2010, 14:49 GMT
indicator, eurusd, ism
[ View All ]
The Samurai Trader » EURUSD - looking to hit the 261.8% level
Fri, Mar 19 2010, 12:16 GMT
The FX Trader’s Link » Higher CPI in Canada keeps the currency supported
Fri, Mar 19 2010, 12:11 GMT
The FX Trader’s Link » EURUSD and GBPUSD fall. EURCHF continues probe lower as NY enters
Fri, Mar 19 2010, 12:09 GMT
FX Market Readings » Week end rise
Fri, Mar 19 2010, 08:15 GMT
The FX Trader’s Link » EURUSD pressured and SNB comments sends EURCHF down
Fri, Mar 19 2010, 01:44 GMT
indicator, eurusd, ism
[ View All ]
EUR/USD Daily Chart Rally Is Over!! Weekly Chart Only Retracment!! - Forex Forum - FXstreet.com
Sun, Mar 14 2010, 19:24 GMT
Eurusd - Forex Forum - FXstreet.com
Mon, Mar 8 2010, 10:21 GMT
My Trade plan for review - Forex Forum - FXstreet.com
Thu, Mar 4 2010, 07:58 GMT
How to Install Metatrader Indicators - Forex Forum - FXstreet.com
Thu, Mar 4 2010, 07:36 GMT
Sessions - Forex Forum - FXstreet.com
Thu, Mar 4 2010, 07:36 GMT
indicator, eurusd, ism
[ View All ]
Outlook for the major currencies this week
Ian Copsey | Tue, Sep 30 2008, 08:00 GMT
FX Instructor Live Trading Room
Mark De La Paz | Tue, Sep 30 2008, 11:00 GMT 
FX Instructor Live Trading Room
Mark De La Paz | Wed, Oct 1 2008, 09:00 GMT
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 29th Edition
Wayne McDonell | Fri, Oct 3 2008, 11:30 GMT
Weekly Webinar: 1st on Forex - The Week Ahead
Jerry Furst | Mon, Oct 6 2008, 16:00 GMT
indicator, eurusd, ism
[ View All ]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2010 "FXstreet.com. The Forex Market" All Rights Reserved.