US ISM Manufacturing PMI (Apr) 52.7 vs. Exp. 53.2 (Prev. 52.7)
The ISM Manufacturing PMI for April came in slightly below expectations, matching the previous month's reading but indicating slower momentum.
N12 reports "Senior military officials estimate that even after the missiles, headquarters and commanders have been attacked - the Iranian regime will be able to "pounce on the nuclear" after the end of the war"
Precarious negotiations between Iran/US hang in the balance as Tehran sends another revised proposal to Washington through Pakistani mediators, CNN reports citing sources
US ISM Manufacturing PMI (Apr) 52.7 vs. Exp. 53.2 (Prev. 52.7)
Iranian Foreign Minister Araghchi reportedly briefing counterparts on Iran's stance to end war
US EQUITY OPEN: Apple leads tech higher after a deluge of earnings into weekend geopols
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- "The past relationship between the Manufacturing PMI® and the overall economy indicates that the April reading (52.7 percent) corresponds to a 1.8-percent increase in real gross domestic product (GDP) on an annualized basis,"
This could suggest cooling growth in manufacturing and may have implications for economic policy, especially if the trend continues. A GDP estimate linked to this reading indicates a modest pace of economic expansion, which traders should monitor closely for potential impacts on interest rates and market sentiment.
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