While you were sleeping: US manufacturing recovers

Mon, 03 Oct 2016

By Margreet Dietz Oct. 4 (BusinessDesk) - Wall Street and US Treasuries moved lower as better-than-expected data on US manufacturing fuelled bets the Federal Reserve might raise interest rates this year. An Institute for Supply Management report showed its index of national factory activity rose to 51.5 in September, up from 49.4 in August. A reading above 50 signals expansion. The September reading exceeded expectations from economists in separate Bloomberg and Reuters polls. Wall Street fell. In 2.06pm trading in New York, the Dow J...

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