Previous Trading Days Events 01.04.2024

The latest manufacturing data for the U.S. show that manufacturing grew for the first time in 112 years in March as production rebounded sharply and new orders increased. The survey from the Institute for Supply Management ISM on Monday suggested the sector was on the mend.

While the manufacturing rebound is a boost for the economys growth prospects, the rise in raw material prices suggested goods inflation could pick up in the months ahead. Goods deflation was the key driver of an inflation slowdown last year.

If the contraction of manufacturing activity is over, far too soon to say, and price pressures are building in manufacturing, which appears to have been happening for the last three months, then this would have implications for the path for interest rates in 2024, said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.

The ISM said its manufacturing PMI increased to 50.3 last month, the highest and first reading above 50 since September 2022, from 47.8 in February. 

Source httpswww.reuters.commarketsususmanufacturingsectorgrowsfirsttime112years20240401

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News Reports Monitor Previous Trading Day 01.04.2024

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Midnight Night Session Asian

No important announcements, no special scheduled figures to be…