US – Nov ISM Non-Manufacturing Index
07/12/2018 09:49 am MYT
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In Nov, the ISM non-manufacturing index (NMI) rose 0.4 ppts to 60.7% – see figure 1. As shown in table 1, this was due to two of the four main component indices, namely business activity and new orders, increased at a faster rate. The positive NMI reading signifies continued growth in the non-manufacturing sector, although the constraints on logistics, capacity, and tariffs remain a challenge.

 

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Note from Publisher
The much-awaited talk between president Xi Jinping and Donald Trump at the G-20 Summit in Buenos Aires ended with a tariff truce between the two economic giants. The US stock markets rallied in response. However, the rally was short-lived when the markets realised that there are still many uncertainties in the trade conflict between the two countries. In addition, a section of the US yield curve became inverted for the first time in more than a decade, signaling a potential recession in the US economy.

i Capital has advised subscribers since last year to watch the US yield curve carefully and it has also asked a number times whether the US economy is about to enter into a recession. Although chairman Powell has caved in to Trump’s crude bullying, the threat of the US yield curve fully inverting and a 2019 US recession has not subsided.

Meanwhile, www.icapital.biz has soft launched a new interactive chart section. Subscribers are encouraged to try out this new exciting feature in www.icapital.biz. Subscribers can conduct their own economic and technical analyses by viewing the charts of their chosen economic indicators or stocks, according to their preferred chart types and time periods. They can also compare multiple economic indicators or stocks across countries and more. Do try it out and let us know what you think.
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