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S&P Credit Research656 word report
published Nov 02, 2009
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S&P Credit Research
| Abstract: | The October U.S. Institute for Supply Management (ISM) manufacturing index rose to 55.7 from 52.6 the month before--better than the 53.0 the markets had expected. It was also much stronger than the 38.7 seen a year ago. Employment rose to 53.1 from 46.2, while prices paid increased to 65.0 from 63.5. New orders were down to 58.5 from 60.8 but still above the 50-point benchmark neutral rate, indicating growth. The better-than-expected headline reading with stronger pricing data will likely add to strength in equities and weigh on Treasuries today.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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| Format: | | HTML |  |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
