![]() ![]() Unfortunately, the index has only had seven positive months since 2022.Ĭrude oil futures fell in early trading on the announcement that Angola would be leaving OPEC so it would no longer be under OPEC drilling limits. A negative number reflects worsening manufacturing conditions. Continuing claims remained below the key psychological level of 1.9 million, coming in at 1.865 million.įinally, the Philadelphia Fed manufacturing survey reported a –10.5, which is well below the forecasted –3 and making 11 of the last 12 months negative. Weekly Initial Jobless Claims ticked higher to 205,000 from 203,000. GDP core inflation was revised to 2% from 2.3% adding to a string of favorable inflation data. This morning the number was revised back to the projected 4.9%, which is a pretty big revision for the third iteration. Originally, the GDP forecast was 4.9%, but the actual number was 5.2%. The third and final version of Q3 GDP was released this morning. (Thursday market open) Employment, manufacturing, and Gross Domestic Product (GDP) numbers provide particular insights into the strength of the economy. Discovery shares move on reported merger talks with Paramount Global Consumer confidence appears to be on the rise according to one report, but Michigan sentiment could spawn doubts.Crude oil futures fall on news Angola is leaving OPEC related to drilling limits. ![]()
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