SPY - US Manufacturing Hits 18-Month High China's Growth Could Trigger Deflation And More: Economics Weekly Roundup | Benzinga
As the weekend comes to a close, let’s take a look at the top stories that shaped the week. From the U.S. manufacturing sector hitting an 18-month high to a warning about a potential debt crisis, here’s what you need to know.
US Manufacturing Activity Hits 18-Month High
The U.S. manufacturing sector has seen a significant upturn, with March 2024 marking the highest growth rate since September 2022. This development has been attributed to the strong performance of the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) and the SPDR S&P 500 (NYSE:SPY). Analysts had predicted a lower growth rate, making this surge a clear indication of improving conditions. Read the full article here.
China’s March Manufacturing Growth Could Trigger Deflation
China’s manufacturing sector experienced a substantial increase in March 2024. This led to a rally in shares of Chinese companies and metal commodities, potentially causing a deflationary impact on global markets. The Alibaba Gr Holding (NYSE:BABA) and the VanEck Gold Miners ETF (NYSE:GDX) were among the beneficiaries of this growth.
Experts have warned that this surge could have a deflationary effect on global markets. Read the full article here.
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