Tuesday, 21 November, 2017

UK Markit August mftg PMI SA 56.9 vs 55.0 exp

Asian shares gain Asian shares gainMore
Debra Rodriguez | 02 September, 2017, 01:07

Sustained growth in new orders led firms to expand their production schedules again in August. Growth in new export business and new work were both "robust", Markit said.

"(The) survey showed growth moving broadly sideways, maintaining the recent positive trend of improvement in the health of the manufacturing sector", said Paul Smith, senior economist at IHS Markit, which compiles the survey.

The manufacturing Purchasing Managers' Index rose to 57.4 in August, in line with flash estimate, from 56.6 in July and equaling June's 74-month high. Demand from overseas also lagged, with new export orders slipping to 50.9 from 52.7. The top export markets included mainland Europe, the USA, Australia and China, thanks in part to the relative weakness of the sterling exchange rate. While overall economic growth slowed in the first half as consumer spending stalled, some Bank of England policy makers are calling for an interest-rate increase to keep a lid on above-target inflation. However, nearly 31% of companies said they experienced an increase in the price of materials required for their operations, generally linked to the rising cost of commodities.

As well, copper is now at three-year highs having put on 7 per cent last month, while aluminium, nickel and zinc prices have been rising at their fastest monthly pace in five years. The FTSE 100 was marginally higher at the start of the new month, and in midmorning trading stood at 7428.

Still, he said he was encouraged by signs of improved domestic demand.

Manufacturers remained optimistic regarding the production outlook for the next 12 months amid expectations of better economic conditions, greater investments and business expansion plans underpinning confidence.

"With the eurozone PMI hovering at a seventy four month high and sterling hitting eight-year lows last month, the buoyant demand picture seen across manufacturing supply chains is not surprising".

Recommended

Thomas Lemar Breaks Silence After Failed Arsenal Move Thomas Lemar Breaks Silence After Failed Arsenal Move Wenger declared a deal for Lemar "dead" earlier this month . "I was focused on my game, that's all that mattered to me". Lemar scored twice for France in their 4-0 thrashing of Holland in a 2018 World Cup qualifier on Thursday night.

US Factory-Sector Activity Hits Six-Year High US Factory-Sector Activity Hits Six-Year High Nine of the ten index components grew, while the customers' inventories index contracted for the second consecutive month. It may not be the largest share of the United States economy, but the manufacturing sector is on fire.

Ogun Hajj Board Denies Death Of Pilgrims Ogun Hajj Board Denies Death Of Pilgrims Confirming this development, the Commissioner in Charge of health, National Hajj Commission of Nigeria, NAHCON, Dr. On Friday, they will move on to Mina before sunrise for the hajj ritual of the symbolic "Stoning of the Devil".

Celtics, Cavaliers reach agreement on Kyrie Irving, Isaiah Thomas trade Celtics, Cavaliers reach agreement on Kyrie Irving, Isaiah Thomas trade Celtics General Manager, Danny Ainge had seen talents like Paul George , Jimmy Butler and Chris Paul pass on by to other teams. So who won the trade? Irving is exactly the type of player the Celtics need, a proven playoff performer and a victor .

Thomas Lemar STARTS for France against Holland in World Cup qualifier Thomas Lemar STARTS for France against Holland in World Cup qualifier Liverpool and Arsenal have been heavily linked with French global and Monaco star Thomas Lemar and the transfer saga has taken another twist.

Oval cricket ground evacuated after 'metal-tipper arrow' found on pitch Oval cricket ground evacuated after 'metal-tipper arrow' found on pitch The police arrived very swiftly and the umpires did a very good job in removing the players from the pitch very, very quickly. A police spokesman added: "At this stage, the incident is not being treated as terrorism-related".

Which Analysts Are Watching Rice Midstream Partners LP (NYSE:RMP)? Which Analysts Are Watching Rice Midstream Partners LP (NYSE:RMP)? The pipeline company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. New York-based Neuberger Berman Group Ltd Com has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). (NYSE:GES).

British PM says China should increase pressure on North Korea British PM says China should increase pressure on North Korea Japanese officials have already played down the chances of Tokyo coming forward with any assurances on a trade deal with the U.K. He said May's hosts had grave doubts about Brexit: "The Japanese simply don't understand why we're doing this".

Texas Oil Industry Sees Production, Permit Gains Texas Oil Industry Sees Production, Permit Gains US crude futures settled 98 cents lower at $47.43 a barrel and Brent crude ended down 53 cents a barrel, or 1 percent, at $52.04. Sharara recently reached output of 280,000 barrels per day (bpd), but closed earlier this week due to a pipeline blockade.

Mattis 'Freezes' Trump's Transgender Military Ban Mattis 'Freezes' Trump's Transgender Military Ban The study estimated that a few to several thousand transgender troops are on the active duty force of 1.3 million. Some congressional offices and think tanks have conducted their own studies on the issue.

United Kingdom not dealing with border issue, claims EU Commission boss United Kingdom  not dealing with border issue, claims EU Commission boss The EU will not negotiate trade before a financial settlement, EU citizen's rights, and the Irish border issues are settled. The criticism contradicted Theresa May's claims that it was the United Kingdom providing clarity on Brexit .

Crude Oil Extends Monthly Low Ahead Of Inventories Crude Oil Extends Monthly Low Ahead Of Inventories It would've been a much bigger issue a decade ago, when the Gulf accounted for almost 30% of the nation's oil production. Low oil prices made it more profitable for refiners to turn oil into gasoline, and they created even more than needed.

Liverpool agree £40m fee with Arsenal for Oxlade-Chamberlain Liverpool agree £40m fee with Arsenal for Oxlade-Chamberlain Arsenal had agreed a £40m deal with the Blues and Liverpool have matched that offer, according to the BBC . Liverpool have opened talks with Arsenal over a deal for midfielder Alex Oxlade-Chamberlain.

Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber? Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber? However, it was Khosrowshahi, the consensus candidate, who received unanimous votes during a board meeting on Sunday . The hiring of Khosrowshahi comes as Uber is hoping to move past a 2017 that has shellacked the company.

Cummins unveils next-gen diesel engines and electric truck Cummins unveils next-gen diesel engines and electric truck It is capable of hauling up to 44,000 pounds of cargo, but even with the 140-kWh battery pack, it has a 100-mile range. That's one of the reasons why Tesla is already committed to entering the commercial vehicle space.