While you were sleeping: US manufacturing contracts

Thu, 01 Sep 2016

By Margreet Dietz Sept. 2 (BusinessDesk) - Wall Street was mixed, while US Treasuries rose and the greenback fell, as a report showing a contraction in US manufacturing eased bets the Federal Reserve will raise interest rates this month. Oil prices weakened. An Institute of Supply Management report showed US factory activity contracted for the first time in six months in August. The data heightened the already-high level of anticipation for the government’s non-farm payrolls report on Friday. "Both the lower oil prices and the ISM show...

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