This morning introduced a set of market driving metrics, together with Q3 U.S. GDP, the College of Michigan Shopper Sentiment Index (Dec.), and th
This morning introduced a set of market driving metrics, together with Q3 U.S. GDP, the College of Michigan Shopper Sentiment Index (Dec.), and the Kansas City FED Manufacturing Activity Index (Dec.). Two out of the three got here in optimistic, fueling a late-year bull run in shares and the USD.
With out additional adieu, here’s a recap of this morning’s key U.S. metrics:
Occasion Precise Projected Earlier
Annualized GDP (Q3) 2.1% 2.1% 2.1%
UM Sentiment Index (Dec.) 99.3 99.2 99.2
KC FED Manufacturing Index (Dec.) -7 2 -5
The headliner of this group is Q3 GDP. The determine got here in proper on the cash and means that U.S. financial development isn’t declining as anticipated. Do not forget that “extreme” financial slowdown that was on the best way for late-2019? To date, it has but to develop.
Then again, manufacturing within the midwest area has hit a tough patch. The KC FED Index confirmed a -7, nicely beneath projections and the earlier launch. Though it’s only a secondary market mover, that is…