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Leaning Back To The West

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Editor’s Remarks: The ISM US Manufacturing Purchasing Managers Index compiled from survey results of purchasing and supply executives around the US. The ISM PMI gives excellent insight into the beating heart of the economy through evaluating elements such as inventory, production and employment. The Fed will be watching this carefully to see whether employment continues to push up the PMI before determining whether to raise rates. With high oil inventories not helping, a continued rise will probably mean a subsequent interest rate rise. China’s Caixin Manufacturing PMI will also be released today. It is expected to continue the decrease which started earlier this year. By comparison, the picture is starting to look a lot brighter when facing West.

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