U.S. manufacturing activity accelerated to more than a 14-year high in August, boosted by a surge in new orders, but growing concerns over rising raw material costs as a result of import tariffs could restrain further growth.
Things are fairly quiet to start the post-Labor Day session, with the e-minis trading slightly lower (and off their highs by ~14 handles) and European stocks trending lower throughout the session. The focus remains on China tariff implementation and the new Nafta pact, though no major developments occurred on either front over the holiday weekend aside from some posturing on social media.
Tilly’s Inc. (TLYS) traded on unusually high volume on Sep. 04, as the stock gained 6.89% to close at $25.14. On the day, Tilly’s Inc. saw 1.32 million shares trade hands on 8,913 trades. Considering that the stock averages only a daily volume of 318,846 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Gold futures settled below $1,200 an ounce on Tuesday for the first time in more than a week.
Hurricane Energy has sold a 50 per cent stake in two of its west of Shetland developments in the North Sea to Spirit Energy, part of British Gas owner Centrica.
Gold and Brazilian equity funds were among the worst performing vehicles in August, as the continued strength of the US dollar weighed on returns, while US and technology names topped the charts.
Amid gridlock in boardrooms and Congress on proposals to improve worker pay and employment conditions, state governments have taken the lead, forcing companies to raise minimums and add benefits.
Sterling’s retreat combined with a rising oil price to help the FTSE 100 rebound from a four-month low.
WITH the recent positive news from the US and Mexico reaching a trade deal last week, the general sentiment of the market got a lift. US President Donald Trump said that he would terminate the existing Nafta (North American Free Trade Agreement) deal to go into this current new deal with Mexico.
Here’s another reason why investors need not worry much about an economic implosion.