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Daily Market MoversThe following news stories, economic reports, and statistical tables are selected and compiled by founder John F. Gallwas, who has been an active participant in the financial service industry since January of 1958.
TuesdayBB: The ISM August Index expanded at the slowest pace since May 2013 at 51.1 vs 52.7 in July, as anemic demand from emerging markets such as China translated into leaner factory order books.
BB: Joblessness in the euro area unexpectedly declined to its lowest level in more than 3 years of 10.9% vs 11.15, a sign the bloc’s economic recovery is gaining traction.
BB: China’s official August PMI was as expected at 49.7 vs 50.0 in July, and to the lowest level in three years as monetary easing failed to revive old growth drivers. The Shanghai Composite Index slid 1.2% to 3,166.62 at the close, paring a loss of as much as 4.8%
MondayBB: Oil capped the biggest three-day gain in 25 years of +27%, after OPEC said it’s ready to talk to other global producers to achieve ‘fair prices’ and the U.S. government reduced its crude output estimates. +++++
BB: The Shanghai Composite Index dropped 0.8% to 3,205.99 at the close today, losing 12% in August after sliding 14% in July.
SundayBB: Federal Reserve Vice Chairman Stanley Fischer left open the option of an interest-rate increase next month, walking a line between officials who want to delay due to market turmoil and those who say the economy is strong enough to handle a move.
Economic Reports for the Week ending Friday - September 4, 2015
Last Week's Scorecard
* Local currencies
We do not guarantee accuracy of any of the data on this page. If you have any comments or suggestions, please contact William Gallwas or call 800-669-8838
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