Saturday, 19 January 2019
New York
U.S. Service-Industry Expansion Cools From Near-Record Pace
Monday, 5 November 2018 22:23 WIB | UNITED STATES |ISM AS

A gauge of U.S. service industries fell by less than forecast in October from a near-record level, suggesting the economy's momentum is holding up this quarter, an Institute for Supply Management survey showed Monday.

Non-manufacturing index declined to 60.3 (est. 59) from 61.6; readings above 50 indicate expansion.

Measure of business activity slipped to 62.5 from a 14-year high of 65.2 the prior month.

Employment gauge declined to 59.7 from a record 62.4.

The index -- which covers sectors representing about 90 percent of the economy -- indicates growth is on track to remain solid in the fourth quarter after posting the best back-to-back periods since 2014, and also helps explain Friday's strong employment report. The business activity index, one of four components of the main gauge, slipped while remaining near the prior reading that was the second-highest in two decades of data.

While companies have flagged concerns about the ongoing trade war and cited higher prices for supplies amid tariffs, the prices-paid index declined to a four-month low. The measure of new orders was little changed from the prior month, while exports held at the best level since April. The gauge of order backlogs decreased.

Still, the trade war may be taking a toll on some companies, with an imports gauge falling to the lowest since February. A measure of supplier deliveries rose, signaling that industries continue to face supply bottlenecks when trying to meet strong demand.

The ISM's services index contrasts somewhat with the latest reading on its factory gauge, which fell by more than forecast in October to a six-month low. That report showed declines in gauges of orders, employment and exports.

Prices index decreased to 61.7 from 64.2, has remained above 50 since early 2016.

Inventory sentiment gauge rose to 62 from 59.5; indicates respondents believe their inventories are too high.

Source: Bloomberg

Asian markets closed for holiday...
Monday, 31 December 2018 09:15 WIB

Pasar finansial di Indonesia, Jepang, Filipina dan Korea Selatan ditutup pada Senin ini dikarenakan untuk hari libur Nasional. AFP...

U.S. retail sales surge in October after first back-to-back declines in five years...
Thursday, 15 November 2018 20:42 WIB

Penjualan di pengecer AS melonjak pada Oktober setelah penurunan back-to-back pertama dalam lebih dari lima tahun, meskipun sebagian besar uang itu dihabiskan untuk gas, mobil dan truk baru. Penjuala...

Consumer inflation posts biggest jump in nine months on higher cost of gas, rent, used cars, CPI shows...
Wednesday, 14 November 2018 20:49 WIB

Amerika membayar lebih pada bulan Oktober untuk gas, sewa dan kendaraan bekas, memicu kenaikan terbesar dalam inflasi konsumen dalam sembilan bulan. Indeks harga konsumen naik 0,3% pada Oktober untuk...

Producer Prices in U.S. Increase in October by Most Since 2012...
Friday, 9 November 2018 21:04 WIB

Harga produsen AS naik lebih dari perkiraan pada bulan Oktober, lompatan terbesar dalam enam tahun menyusul kenaikan luas dalam biaya untuk barang dan jasa, laporan Departemen Tenaga Kerja menunjukkan...

Housing costs nudge inflation higher in September, CPI shows...
Thursday, 11 October 2018 19:52 WIB

Biaya sewa dan kepemilikan rumah yang lebih tinggi mendorong harga konsumen lebih tinggi pada bulan September, namun inflasi secara lebih luas melambat setelah kenaikan terakhir. Indeks harga konsume...

Hong Kong, Shanghai Stocks End Week With Gains

Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese tariffs in a bid to hammer out a trade deal between the world's top two economies. The Hang Seng...

Dow Logs 300-Point Gain as Stocks String Together Four-Day Winning Streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500...

U.S. Oil Prices Finish Higher, Lift Weekly Gain to More Than 4%

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes Friday also...

Gold Rises as Brexit Turmoil Eclipses Jump in Equities
Thursday, 17 January 2019 03:59 WIB

Gold futures rose for the third time in four sessions as the U.K.™s fallout over Brexit eclipsed a global stock market rally. The metal...

Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive
Friday, 18 January 2019 02:13 WIB

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line...

Gold slips from 2-week high as $1,300 proves to be a near-term barrier
Thursday, 17 January 2019 20:23 WIB

Gold futures prices slipped from two-week highs on Thursday, as the psychologically important $1,300 line remained elusive for another session....

Gold pauses as investors wave off geopolitical worries, snap up stocks
Wednesday, 16 January 2019 21:17 WIB

Gold futures struggled for direction Wednesday as investors waved off turmoil surrounding the U.K.'s plan to leave the European Union and continued...