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Top stories summarized by our editors
Top stories summarized by our editors

Manufacturing PMI shows slowing expansion

5/28/2019

The purchasing managers index for US manufacturing this month is at its lowest level since 2009, although still expanding at 50.6, IHS Markit says. New orders shrank for the first time in nearly a decade.

Big trend change underway as USDCAD breaks down and tests $1.3000

7/3/2017

The recent move by USDCAD under $1.3200 has broken a long-term uptrend and rising channel signaling a major change in the relative trend of the two currencies. A test of the $1.3000 round number is underway, which could confirm or reject the recent downturn. The US and Canada both have holidays this week, but at the same time, there are a number of potential market-moving reports due on both sides of the border including PMI (Monday and Tuesday), trade balances (Thursday) and employment (Friday). Because of this, USDCAD could be particularly active in the coming days.

-- Colin Cieszynski, CFA, CMT

China's factory PMI indicates sustained modest growth

6/1/2016

China's official purchasing managers' index for manufacturing registered 50.1 in May, identical to April's number and pointing to stabilization in the sector. The nonmanufacturing PMI fell to 53.1 from 53.5 in April. The data indicate that the government's drive to reduce excess capacity while maintaining a pace of growth above 6% has progressed.

PMI decreases to 50.2% in Sept.

10/7/2015

The Purchasing Managers' Index decreased about 1% in September, measuring at 50.2%, according to the ISM Report on Business. The Production Index also decreased in September, dropping 1.8 percentage points to 51.8%.