In the transportation sector, a significant divide has emerged to drive a wedge between airlines and trucking companies. By tracking the First Trust Nasdaq Transportation ETF NASDAQ: FTXR, investors will see this fund nearing new 52-week highs, led by its top holdings in airline names. However, near the bottom of the list are the trucking companies that power the U.S. consumer and business logistics chain, collectively trading well into bear market territory. Whether it is due to tariff fears or consumption ...

Kevin Green joins me now to get across some of these numbers and we are just getting our ISM manufacturing which has been released as we speak. What are you seeing there Kevin. Yeah, I would say this is actually a mixed report Sam when you're looking at not only the the manufacturing PMI headline as well as uh prices.So the headline number actually came in at 49.1%. So, it's still in contractionary territory, but it's a slightly better than the streets expectation, which was sitting at around 49 and better ...

Wow. Meanwhile, getting a little bit of a bid after a lower open. Dow's down about 37.ISM's coming out of the top of the hour. First though, some manufacturing PMIs from S&P Global. Let's get to Rick Santelli.Hey Rick. >> Yes, Carl. These are the September final reads on S&P uh Global's manufacturing PMIs.The midmon read for September was 52. It remains at 52. This will be the lightest going back to July when it was a bit under 50.And July is the only month this year that is below 50. We did see ADP come in ...

>> LIVE FROM SINGAPORE, THIS IS INSIGHT WHERE WE DIVE DEEPER INTO THE STORIES THAT MATTER WITH CRUCIAL CONTEXT. CHINA’S INDUSTRIAL PROFITS SAGGED IN AUGUST SUGGESTING A NATIONAL CAMPAIGN TO TACKLE OVERCAPACITY AND COMPETITION IS PAYING OFF. AFTER YEARS OF AVERSION GLOBAL MONEY MANAGERS ARE VENTURING BACK INTO CHINA WITH OFFICIAL DATA SHOWING FOREIGN INFLOWS RISING ACROSS ASSET CLASSES.AND WITH FOREIGN FUNDS STILL UNDER WAY AND MAINLAND EQUITIES COULD THE RALLIES HAVE MORE TO RUN. AND INDIA BEATS PAKISTAN TO ...

Core Insights - The dollar index (DXY) has risen by +0.63%, reaching a 1.5-week high, driven by signals from Fed Chair Powell indicating a less dovish stance than market expectations [1] - US new home sales in August surged by +20.5% month-over-month to 800,000, marking a 3.5-year high, contrary to expectations of a decline [2] - The euro is under pressure due to a decline in German business confidence, with the IFO business climate survey falling to a 4-month low [3][4] Group 1: Dollar Strength and Economic Indicators - The dollar's strength is supported by a 93% market expectation of a -25 basis point rate cut by the Fed at the upcoming FOMC meeting [3] - The unexpected jump in US new home sales to 800,000 contrasts sharply with the anticipated decline to 650,000, indicating robust housing market activity [2] - The euro's weakness is compounded by the German IFO business climate survey dropping -1.2 points to 87.7, below the expected increase to 89.4 [4] Group 2: Central Bank Divergence - The European Central Bank (ECB) is perceived to be nearing the end of its rate-cutting cycle, while the Fed is expected to implement two more rate cuts by year-end [4] - ECB Executive Board member Cipollone noted that inflation risks in the Eurozone are balanced, with a minimal chance of a rate cut at the upcoming ECB meeting [5] Group 3: Japanese Economic Activity - The USD/JPY exchange rate increased by +0.77%, with the yen falling to a 2.5-week low due to weak manufacturing activity in Japan, as indicated by a contraction in the S&P manufacturing PMI [6] - Japan's August machine tool orders were revised upward to +8.5% year-over-year, the largest increase in five months, suggesting some positive momentum in the manufacturing sector [7]

Core Points - The dollar index (DXY00) fell by -0.08% as T-note yields decreased following dovish comments from Fed Governor Michelle Bowman, indicating a need for decisive action to lower interest rates due to a weakening labor market [1] - The US Q2 current account deficit was reported at -$251.3 billion, which was smaller than the expected deficit of -$256.6 billion, providing initial support for the dollar [2][3] - Concerns over Fed independence and potential political interference are leading to fears that foreign investors may sell dollar assets [3] Economic Indicators - The US September S&P manufacturing PMI fell by -1.0 to 52.0, which was weaker than the expected 52.2 [4] - The Richmond Fed manufacturing sentiment survey unexpectedly dropped by -10 to -17, contrasting with expectations of an increase to -5 [4] - Fed Chair Powell noted that near-term inflation risks are tilted to the upside while employment risks are to the downside, indicating a challenging economic environment [4] Federal Reserve Commentary - Chicago Fed President Austan Goolsbee stated that the Fed is currently mildly restrictive, with the neutral policy rate estimated to be 100-125 basis points below the current rate [5] - Fed Governor Michelle Bowman emphasized the need for the FOMC to act decisively in response to deteriorating labor market conditions [5] - Markets are pricing in a 91% chance of a -25 basis point rate cut at the upcoming FOMC meeting on October 28-29 [5]

As we're talking, we got some flash PMIs. Let's get to Rick Santelling. Hey, Rick.Yes, and we see rates slipping a little bit lower and the equities moving a little bit higher. Fed implications there. S&P Global Manufacturing Service and Composite coming in weaker than expected for our SE preliminary view.If you look at the headline 52.0%, that would be the weakest since July. And the last time it was under 50 was in July. If you look at 53.9% on services, that's the weakest level since June. And 53.6% on c ...

Economic Indicators - Manufacturing PMI data release on September 23 [1] - Gross Domestic Product QoQ data release on September 25 [1] - Core PCE Price Index MoM data release on September 26 [1]

Summary of the Conference Call Transcript Industry Overview - The report focuses on the **China manufacturing sector**, specifically the **RatingDog China manufacturing PMI** which is a key indicator of manufacturing activity in the country. Key Points 1. **PMI Increase**: The RatingDog China manufacturing PMI rose to **50.5 in August** from **49.5 in July**, significantly exceeding market expectations. This indicates a shift from contraction to expansion in the manufacturing sector [3][9]. 2. **Sub-Indexes Performance**: - The **output sub-index** increased sharply to **50.5** from **48.5**. - The **new order sub-index** rose to **50.7** from **50.1**. - The **employment sub-index** inched up to **49.3** from **49.1**. - The **suppliers' delivery times sub-index** edged up to **49.9** from **49.7** [3][4]. 3. **Demand Conditions**: Surveyed companies reported that improved underlying demand conditions and successful promotional efforts contributed to the rise in new orders, which in turn supported a renewed expansion of manufacturing output in August [3][4]. 4. **Trade-Related Sub-Indexes**: - The **new export orders sub-index** increased to **49.4** from **47.9**. - The **raw materials inventory sub-index** rose to **52.3** from **50.1**. - The **finished goods inventory sub-index** increased to **50.7** from **49.1**. Companies noted that the increase in finished goods was due to both production growth and delays in outbound shipments [4][9]. 5. **Price Indicators**: - The **input price index** rose to **51.5** (up from **50.9** in July). - The **output price index** increased to **50.0** (up from **48.6** in July). - These indicators suggest that disinflationary pressures eased in August, with some manufacturers raising output charges to cope with rising costs, while others faced constraints due to intense competition [4][9]. Additional Insights - The **NBS manufacturing PMI** also increased from July to August but remained below 50, indicating a divergence in the performance of the two PMIs, potentially due to the RatingDog survey covering more export-oriented sectors [3][9]. - The report emphasizes that investors should consider this data as one of many factors in their investment decisions [5]. This summary encapsulates the critical insights from the conference call regarding the current state of the manufacturing sector in China, highlighting key performance indicators and underlying economic conditions.

#数据 8月中国制造业主要原材料购进价格指数为2024年10月以来最高，2024年5月以来次高。外汇交易员 (@myfxtrader):统计局解读：主要原材料购进价格指数和出厂价格指数分别为53.3%和49.1%，比上月上升1.8和0.8个百分点，连续三个月回升，制造业市场价格总体水平继续改善。生产指数为50.8%，比上月上升0.3个百分点，连续4个月位于临界点以上，制造业生产扩张加快；新订单指数为49.5%，比上月上升0.1个百分点。 ...