Capstone Forex Trading Online: U.S. service industry activit

 

2019-12-06 09:59      from:CAPSTONE    author:Jack

Capstone Forex Trading Online: U.S. service industry activity slowed in November, as concerns over trade tensions and worker shortages persisted, dragging production down to its lowest level in 10 years, which could exacerbate concerns about the health of the economy.
 
Other data released on Wednesday showed that private employment rose the least in six months in November. Data released on Monday showed that manufacturing activity contracted for the fourth consecutive month in November and construction spending fell in October.

Capstone Forex Trading Online

 
The continuous decline in manufacturing and the decrease in construction spending for the second consecutive month have cooled the fourth quarter economic growth expectations. Previously, a series of optimistic data such as the trade deficit, the property market and corporate investment boosted the fourth quarter economic growth forecast. However, the US economy still appears to be growing at a modest rate, rather than stagnating.
 
Economic growth is being constrained by the Trump administration's "U.S. Priority" policy, which has caused the United States to become involved in a trade war with China and imposed tit-for-tat tariffs on other countries. Trade tensions have eroded corporate confidence, and the stimulus effect of last year's $ 1.5 trillion tax cut is fading.
 
The American Institute of Supply Management (ISM) said that last month's non-manufacturing activity index fell to 53.9 from 54.7 in October. An index above 50 indicates expansion in the services sector, which accounts for more than two-thirds of US economic activity.
 
Analysts polled by Reuters had expected the index to fall to 54.5 in November. The survey's corporate activity sub-index fell by 5.4 points to 51.6, the lowest level since November 2009, because import tariffs, including steel and aluminum, increased corporate costs. A measure of input prices in the service sector jumped 1.9 points last month to 58.5.
 
"The November service industry index decline seems to reflect the impact of tariffs on the prices of products that many service companies use to provide services to other companies and consumers," said Chris Rupkey, principal analyst at Mitsubishi UFJ Financial Group (MUFG). China obviously has not paid for all tariffs. "
 
U.S. President Trump has repeatedly claimed that China has paid for tariffs during a 17-month trade war.
 
After the data was released, the dollar fell against a basket of currencies and US Treasury yields rose. Wall Street stocks are higher.


Why Choose Capstone Online CFD Trading?
* EURUSD Avg spread of 0.1 pips is the best in the world
* Starting Deposit $100
* Leverage up to 1:400
* Transfer your funds securely with 0% Commission
* Average execution speeds of under 45ms*
* Our diverse and proprietary liquidity mix keeps spreads tight 24/5

 

Got a Question? Contact us now

Liquidity providers:

  • Morgan Stanley
  • Nomura Holdings
  • RBC Royal Bank
  • Royal Bank of Scotland
  • Société Générale
  • UBS
  • Bank of America
  • Barclays
  • BNP Paribas
  • Citadel
  • Citibank
  • Commerzbank
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • JPMorgan Chase & Co.
  • KCG
  • Macquarie Group


Capstone forex facebook Capstone forex twitter Capstone forex instagram Capstone forex linkedIn Capstone forex Youtube

Margin FX and CFDs are leveraged products that can result in losses exceeding your initial deposit.They are not suitable for everyone,please make sure that you fully understand the risks involved.

Before you open an account and make a deposit with Capstone,please ensure to look through our legal documents, and based on your personal financial situation, confirm if you have fully understand the risks involved in FX trading.

The information on this site is not directed at residents of the United States, Japan, Afghanistan, Algeria, Angola, Bosnia and Herzegovina, Canada, Cuba, Guyana, Iran, Iraq, Lao PDR, Myanmar, North Korea, Papua New Guinea, Sudan, Syria, Uganda, Yemen or any particular country outside Australia and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law and regulation.

There are business partners:fund custodian Banks,liquidity providers – Banks,ECNs, etc.,trading and technical support companies,market news and data providers,etc.,who establish cooperation relations with Capstone through the website directly or indirectly.Among them,all these trading names and icons of the cooperative merchants are owned by themselves and have nothing to do with Capstone.

Capstone Global is a group of companies which include Capstone Global Australis Pty Ltd, an ASIC regulated provider of CFD and Forex trading services (ABN 95 612 024 889, AFS License No. 494799) and Capstone Global Markets LLC. which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 119 LLC 2019. Capstone Global does not accept applications from residents of countries or jurisdictions where such distribution or use would be contrary to local laws or regulations.

Copyright © 2020 Capstone. All rights reserved.

CAPSTONE FOREX GLOBAL | Forex Trading | Sitemap