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  • ISM Index of U.S. Manufacturing Declines

    From bloomberg.com

    Read Full Story at bloomberg.com

    The Institute for Supply Management’s factory index fell to 52.4 in February from 54.1 a month earlier, the Tempe, Arizona-based group’s data showed today. Fifty is the dividing line between growth and contraction, and economists surveyed by Bloomberg News projected the gauge would climb to 54.5. Estimates of the 79 economists ranged from 52 to 56. Elsewhere, euro-area manufacturing shrank for a seventh month. A factory gauge based on a survey of purchasing managers in the 17-nation region increased to 49 in February from 48.8 a month earlier, below a reading of 50 that divides expansion from ... (full story)

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    • Mar 1, 2012 10:21am
    • #1
    • Quote
    • Guest

      IP XXX.XXX.159.54

    • Weak ISM,fudged employment data, and rising oil prices are all good for the economy. Keep it coming. The next report will state that consumer confidence increased.
    • Mar 1, 2012 10:58am
    • #2
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    • Guest

      IP XXX.XXX.99.244

    • euro up back to 1.35000
    • Mar 1, 2012 11:38am
    • #3
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    • Guest

      IP XX.XXX.60.148

    • if we go back to 1.35 before 1.32 or 1.31, it surely won't be because of this data. the range bound trading has more to do with central bank acquisitions and moves by market makers. this is still an overall positive indicator--anything over 50. it fell within the lower range of estimates, but hardly a shocking stat. the market's already absorbed it~

      watch out for bias confirmation. it's created mass graves of retail trading accounts
    • Guest

      IP XXX.XX.7.65

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  • Story Stats
  • Posted: Mar 1, 2012 10:07am

    Submitted by: FF News

    Category: High Impact Breaking News

  • 1,576 Views

  • 3 Comments

    Guest, Guest, Guest

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