2017 Economic Calendar
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Market Reflections  

October 2, 2017
In a day of mourning following the massacre in Las Vegas, economic news was mixed including a very sharp September rise in the ISM manufacturing report, one of the strongest on records, that contrasts with far more moderate results from PMI manufacturing, a report that has tracked well with definitive data from Washington. Construction spending rose in August but following sharp weakness in a downwardly revised July.

The euro fell 0.7 percent to $1.1740 following the weekend of violent confrontation in Spain as Catalonians voted for independence in an election that the European Commission says is "an internal matter" for Spain. U.S. stocks rallied very sharply on the day, up 0.7 percent for the Dow to 22,557 and a new record. Oil sank $1 and is near $50.50 with gold down $10 to $1,275. Treasury rates were little changed while the dollar index, boosted by the weakness in the euro, rose 0.6 percent to 93.63.

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