4 Mar 2014
Flash: US releases surprised markets – Danske Bank
FXStreet (Edinburgh) - Analyst Lars Christensen at Danske Bank noted the surprising advance of the US ISM Manufacturing on Monday.
Key Quotes
“While geopolitical events this week seem to overshadow macroeconomic releases, it is notable that yesterday we got good news on the US economy and the ISM indicator inched up to 53.2 in February from 51.3 in January”.
“This indicates that the US economy continues to expand. However, as noted, the good news on the US economy was not enough turn around sentiment in the US stock market”.
Key Quotes
“While geopolitical events this week seem to overshadow macroeconomic releases, it is notable that yesterday we got good news on the US economy and the ISM indicator inched up to 53.2 in February from 51.3 in January”.
“This indicates that the US economy continues to expand. However, as noted, the good news on the US economy was not enough turn around sentiment in the US stock market”.