The manufacturing ISM points to strong growth… and inflation

Macro-economy
June 2, 2021

Markets are hesitant. It is a case of the glass being half full or half empty. The manufacturing ISM, the main US leading indicator, was high and up in May, but details of the reports were worrying about inflation. The Fed’s Beige Book will be closely watched today. The euro area inflation rate also reached 2% for the first time since 2018. The EUR/USD exchange rate remained stable, just above 1.22.

Share this news :

You might also read :

August 27, 2021

Jackson Hole: here we are

Stocks are down, rates (US 10y at 1.34%) and the dollar (EUR/USD at 1.1760) are up very slightly: the market is logically playing it safe…

May 5, 2021

European prices up on the spot, down on the curve

European spot gas prices increased yesterday, mainly supported by strong heating demand due to below-normal temperatures and production issues in the UK. Moreover, due to…

July 1, 2021

Japan ready for recovery… after another recession

The Bank of Japan’s Tankan points to activity rebound, but it should remain dependent on global recovery and what comes first is a new recession.…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter