Volatility has made its return to the United States’ stock market, albeit not the way bullish investors would like. A recent decline in the US equities market erased the gains of many weeks in a matter of days in both the Dow Jones Industrial Average and the S&P 500 indices.
Economic activity in the US manufacturing sector expanded to 59.1 in January, with the sector growing for the 105th month in a row, according to the Institute for Supply Management (ISM). The January numbers were, however, slightly below the seasonally adjusted 59.3 reported in December.
The realty sector in the United States witnessed phenomenal growth in 2017, largely on the back of an increase in the labour market, which saw unemployment sliding to multi-year lows.
The United States was among the best-performing economies globally in 2017, not only leading most of the G-8 countries in terms of economic growth last year, but it is also the frontrunner as analysts look forward to the country’s economy expanding at a faster rate in the year ahead.
The seasonally adjusted jobless rate in the United Kingdom declined to 4.3 percent in the June-August quarter, the lowest since 1975 and slipping from close to 5 percent from the period a year earlier, according to the Office for National Statistics (ONS)
The US economy continued to expand in September of this year, with some of the key economic data in October pointing to robust economic activity that could well extend into the last three months of 2017.
The pound sterling came under selling pressure versus the greenback and the euro this month, as mixed economic data from the United Kingdom and the ongoing departure negotiations with the 27 countries representing the European Union (EU) have remained grim. The UK is due to exit the European Union at the end of March 2019.
In Puerto Rico, the old adage “When it rains, it pours” has never been truer. Previously the US island territory suffered through a financial crisis that prompted it to finally declare bankruptcy in the face of its mounting financial debts.
On October 12, 2017, the US Federal Reserve released the minutes of the Federal Open Market Committee’s (FOMC’s) monetary-policy meeting for September in the aftermath of hurricanes Harvey and Irma.
The US manufacturing PMI (Purchasing Managers’ Index) expanded to 60.8 in September from 58.8 in August, an increase of 2 percentage points as new orders and production surged, leading to a sharp rise in supplier deliveries.