August Daily Review - 17/08

 

1) Wall Street began the week lower on Monday after data showed a surprise fall in manufacturing activity in the state of New York in August.

The market was also weighed down by oil prices, which fell toward six-year lows as data showed Japan's economy, the world's third-biggest oil consumer, contracted in the second quarter.

2) NEW YORK - U.S. homebuilder sentiment rose in August to its highest level since a matching reading almost a decade ago, the National Association of Home Builders said on Monday. (Reuters)

3) The New York Federal Reserve’s index of manufacturing conditions tumbled to its lowest level since 2009 in August as new orders fell sharply, according to a report released on Monday.

The Federal Reserve Bank of New York said that its general business conditions index dropped to -14.9 this month from 3.86 in July.

4) The dollar remained steady against a basket of major currencies on Monday after data showed that manufacturing activity in the New York region slumped to its lowest level since November 2009 this month.

5) U.S. oil futures fell to the lowest level in six-and-a-half years on Monday after data showing that Japan’s economy contracted in the second quarter added to fears over the demand outlook. (Investing.com)

 

 

 

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