Reuters. Chicago manufacturing PMI rises less than forecast in
OSRS Gold March Investing Manufacturing activity in the Chicagoarea contracted for the second consecutive month in March, fuelling concerns over the U.S. economic outlook, industry data showed on Tuesday.In a report, market research group Kingsbury International said its Chicago purchasing managers index improved by 0.
Points to a seasonally adjusted 46.3 this month from a reading of 45.8 in February. Analysts had expected the index to rise to 51.5 in March.On the index, a reading above 50.0 indicates expansion, below indicates contraction.EURUSD was trading at 1.0743 from around 1.0749 ahead of the release of the data, GBPUSD was at 1.
From 1.4810, while USDJPY was at 119.95 from 119.89 earlier.The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.75, compared to 98.71 ahead of the report.Meanwhile, U.S. stock markets extended losses. The Dow 30 shed 0.6%, the S P 500 dipped 0.
While the Nasdaq Composite slumped 0.45%.Elsewhere, in the commodities market, gold futures traded at 1,187.50 a troy ounce, compared to 1,188.30 ahead of the data, while crude oil traded at 47.97 a barrel from 48.08 earlier. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.
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