The official employment report for February showed an increase in the Nonfarm payrolls of 379,000, widely beating the market consensus of 182,000. In addition, the January figures were revised up from +49,000 to +166,000. This gave more strength to the dollar that resumed the rally throughout the market. Job creation of February was the highest […]
Tag: U.S.
Factory orders rose 2.6% in January, improving expectations
The Factory orders in the United States rose 2.6% in January, surpassing the 2.1 expected. In addition, the December result was revised upwards, showing an increase of 1.6% versus the 1.1% published a month ago. The indicator registered its ninth consecutive rise in January and its largest increase in six months, specifically since last July. […]
Initial claims for unemployment benefits rise slightly less than expected to 745,000
The Department of Labor reported that Initial claims for unemployment benefits increased by 9,000 in the week ending February 27 to 745,000. The market consensus was for a reading around 750,000. Regarding the continued unemployment benefit claims, they were down 124,000 to 4,295,000 in the week ending February 20. The data was better than expected, […]
Challenger job cuts fall to 34,531 in February from 79,552 in January
Challenger job cuts in the US fell sharply in February. The US Dollar DXY Index clings to gains above 91.10 after the data. Planned job cuts, at US-based employers, fell to 34,531 in February from 79,552 in January., Challenger Gray & Christmas announced in its latest job cuts report on Thursday. “Last month’s total is […]
Fauci says it’s reasonable for some to return to normal in the fall
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an interview with MSNBC Thursday that it is reasonable that some return to normal in autumn (September-December). Regarding the COVID-19 contagion curve, Fauci affirmed that a kind of plateau is taking place. Last week, the U.S. exceeded the 500,000 deaths […]
The ISM for services falls to 55.3 in February and is below the 58.7 forecast
The ISM services index has fallen more than three points in February, falling to 55.3 from 57.7 in January, being the worst result recorded in nine months, specifically since May 2020. The figure has also disappointed the market consensus, which expected a rise to 58.7. The index ISM non-manufacturing employment has fallen to 52.7 from […]
The services PMI records its best result since July 2014
The Markit’s services PMI has risen one and a half points in February, rising to 59.8 from 58.3 in January, improving the 58.9 expected by the market. The February result is the best on record since July 2014. According to the IHS Markit report, spikes in production and new business accelerated in February, while job […]
Arcelor entrusts Sarralle with a 755 million euro steel company in the US that will produce steel for the automotive industry
Sarralle, the Gipuzkoan company that emerged in the 1960s in Azpeitia, will be in charge of the construction of a huge ArcelorMIttal steelworks in Alabama (USA). A major technological challenge to build a practically entirely steel which, in a second phase, will be complemented with a second line. ArcelorMIttal intends to start up its new […]
I will fight Chinese trade barriers, including censorship – Katherine Tai
Katherine Tai, named as Trade Representative of US President Joe Biden, said Monday that will work to combat a variety of “unfair” Chinese business and economic practices, including censorship, in written responses to senators’ questions after their confirmation hearing last week. Featured statements: “I’m open to exploring a wide range of options to address our […]
Manufacturing ISM jumps to 60.8 in February, its highest figure in two and a half years
Indicator US ISM Manufacturing PMI rose more than two points in February to 60.8 from 57.7 in January, improving the 58.8 expected by the market. This is the best result recorded by the indicator since August 2018, when it also reached 60.8. ISM’s manufacturing employment index also improved in February, growing to 54.4 from 52.6, […]
