EUR/USD
1.16768
-0.009%
Gold
4584.45
1.446%
Oil
86.000
0.090%
USD/JPY
158.861
-0.119%
GBP/USD
1.36368
0.051%
GBP/JPY
216.642
-0.058%
Real-time News
India has announced a 625 billion rupee mobile phone incentive program.On August 21st, Chris Williamson, Chief Business Economist at S&P Global Insights, stated that U.S. businesses are thriving, with companies reporting that output growth reached its fastest pace in over four years as the third-quarter economic expansion strengthened further in August. Third-quarter survey data currently shows an annualized growth rate close to 3.0%, a significant increase from the 1.5% growth rate in the second quarter. Job growth in August also showed a welcome recovery, with employer confidence strengthening as concerns about the negative impacts of tariffs and the Middle East conflict gradually subsided. However, the latter remains a key area of focus for businesses, particularly its impact on supply chains and energy prices. Supply chain delays were reported again in August, at their most severe in the past four years, significantly constraining output for many companies. While price pressures have eased somewhat, they remain high and could easily face renewed upward pressure if energy prices rise again. Meanwhile, the growth momentum between the second and third quarters has shifted from manufacturing to services. With depleted safety stocks and supply chain delays dampening factory production growth, the service sector is now playing a key role in driving the continued expansion of the U.S. economy.S&P Global: U.S. business growth hit a 52-month high in August, driven by a surge in service sector activity and rising optimism. Price pressures eased somewhat.S&P Global: The U.S. Manufacturing PMI preliminary reading for August was 53.2, a five-month low; the Composite PMI preliminary reading for output was 56.0, a 52-month high; the Services PMI preliminary reading for business activity was 56.8, a 20-month high; and the Manufacturing PMI preliminary reading for output was 51.9, a 13-month low.Goldman Sachs: Further recovery in demand from Western investors and continued strong demand from central banks could push gold prices toward key strike price levels, where hedging by traders could accelerate the rally.
