*OI: PORTUGUESE COURT DISMISSES COMPANY'S JUDICIAL RECOVERY REQUEST

Trading 01 août 2018 Commentaire »

OI: PORTUGUESE COURT DISMISSES COMPANY'S JUDICIAL RECOVERY REQUEST


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*EMBRAER: COMPANY TO SEND TEAM TO MEXICO TO HELP IN ACCIDENT INVESTIGATION

Trading 01 août 2018 Commentaire »

EMBRAER: COMPANY TO SEND TEAM TO MEXICO TO HELP IN ACCIDENT INVESTIGATION


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*BRAZIL: IBOVESPA EXPECTED TO OPEN LOWER AS INVESTORS AWAIT FOMC, COPOM

Trading 01 août 2018 Commentaire »

BRAZIL: IBOVESPA EXPECTED TO OPEN LOWER AS INVESTORS AWAIT FOMC, COPOM


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*BRAZIL: U.S.-CHINA TRADE WAR SPREADS RISK AVERSION AMONG INVESTORS

Trading 01 août 2018 Commentaire »

BRAZIL: U.S.-CHINA TRADE WAR SPREADS RISK AVERSION AMONG INVESTORS


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*BRAZIL: INVESTORS AWAIT FOMC, COPOM MONETARY POLICY DECISIONS

Trading 01 août 2018 Commentaire »

BRAZIL: INVESTORS AWAIT FOMC, COPOM MONETARY POLICY DECISIONS


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*BRAZIL: CONGRESS, SUPREME COURT TO RESUME WORK AFTER RECESS

Trading 01 août 2018 Commentaire »

BRAZIL: CONGRESS, SUPREME COURT TO RESUME WORK AFTER RECESS


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U.S. Construction Spending Unexpectedly Slumps 1.1% In June

Trading 01 août 2018 Commentaire »

Construction spending in the U.S. showed a significant decrease in the month of June, according to a report released by the Commerce Department on Wednesday.

The Commerce Department said construction spending slumped by 1.1 percent to an annual rate of $1.317 trillion in June from a revised rate of $1.332 trillion in May.

While economists had expected construction spending to rise by 0.3 percent, the revised data for May showed a 1.3 percent jump in spending compared to the previously reported 0.4 percent increase.

The pullback in construction spending was partly due to a drop in spending on private construction, which fell by 0.4 percent to a rate of $1.020 trillion in June.

Spending on residential construction slid by 0.5 percent to a rate of $568.3 billion, while spending on non-residential construction dipped by 0.3 percent to a rate of $451.5 billion.

The report also said spending on public construction tumbled by 3.5 percent to a rate of $297.4 billion, as spending on educational construction plunged by 11.0 percent and spending on highway construction dropped by 1.3 percent.

Compared to the same month a year ago, the Commerce Department said total construction spending in June was up by 6.1 percent.


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*U.S. Crude Oil Inventories Climb 3.8 Million Barrels In Week Ended 7/27

Trading 01 août 2018 Commentaire »

U.S. Crude Oil Inventories Climb 3.8 Million Barrels In Week Ended 7/27


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U.S. Manufacturing Index Indicates Slower Growth In July

Trading 01 août 2018 Commentaire »

Partly reflecting slowdowns in new orders and production growth, the Institute for Supply Management released a report on Wednesday showing growth in U.S. manufacturing activity slowed by more than anticipated in the month of July.

The ISM said its purchasing managers index fell to 58.1 in July after unexpectedly climbing to 60.2 in June. While a reading above 50 still indicates growth in the manufacturing sector, economists had expected the index to show a more modest drop to 59.5.

The bigger than expected decrease by the headline index came as the new orders index slid to 60.2 in July from 63.5 in June and the production index tumbled to 58.5 from 62.3.

Meanwhile, the report said the employment index inched up to 56.5 in July from 56.0 in June, indicating a modest acceleration in the pace of job growth in the manufacturing sector.

Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee, noted production and employment continue to expand in spite of labor and material shortages.

The ISM said the supplier deliveries index dropped to 62.1 in July from 68.2 in June, although a reading above 50 still indicates slower deliveries.

"Demand remains robust, but the nation's employment resources and supply chains continue to struggle" Fiore said.

He added, "Respondents are again overwhelmingly concerned about how tariff-related activity, including reciprocal tariffs, will continue to affect their business."

On the inflation front, the prices index fell to 73.2 in July from 76.8 in June, suggesting a slowdown in the pace of price growth.

The ISM is scheduled to release a separate report on activity in the service sector in the month of July on Friday. The index of activity in the sector is expected to edge down to 59.0 in July from 59.1 in June.


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Dollar Slightly Down After ISM Manufacturing, Construction Spending Data

Trading 01 août 2018 Commentaire »

Following the release of ISM manufacturing index for July and construction spending for June at 10:00 am ET Wednesday, the greenback fell slightly against its major counterparts.

The greenback was trading at 1.1682 against the euro, 111.92 against the yen, 0.9922 against the franc and 1.3120 against the pound around 10:01 am ET.


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