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US: Economic activity in the non-manufacturing sector grew in September - ISM

"The NMI (Non-Manufacturing ISM) registered 59.8 percent, which is 4.5 percentage points higher than the August reading of 55.3 percent," the Institue for Supply Managed announced on Wednesday.

Key quotes:

  • This is the highest reading since August 2005 when the index registered 61.3 percent.
  • The New Orders Index registered 63 percent, 5.9 percentage points higher than the reading of 57.1 percent in August.
  • The Employment Index increased 0.6 percentage point in September to 56.8 percent from the August reading of 56.2 percent.
  • The Prices Index increased substantially by 8.4 percentage points from the August reading of 57.9 percent to 66.3 percent, indicating prices increased in September for the fourth consecutive month.
  • This is the highest reading since February 2012 when the index registered 67.6 percent. 

US stocks pause after recent record setting run

Following two consecutive days of record setting run, major US equity indices took a pause and witnessed a rather muted opening on Wednesday. Sentime
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EIA: US commercial crude oil inventories decreased by 6 mln barrels

Key highlights from the EIA's report's summary of weekly petroleum data for the week ending September 29, 2017: U.S. commercial crude oil inventori
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