Manufacturing survey next week could be crucial for stock market quoting : "Business Insider"

The Empire State Manufacturing Survey data is due out Monday before the market opens, and economists surveyed by FactSet are forecasting a month-over-month decline. "Manufacturing data is a bellwether for the health of the manufacturing sector and the entire economy. We have seen manufacturing data pick up in June, and analysts are very positive of manufacturing data going forward," Sanchez said Friday, adding that strong numbers would point to a backdrop that is positive for earnings going forward, particularly in the manufacturing sector. This movement and trouble for bond market liquidity followed the release of disappointing retail sales, Producer Price Index and Empire manufacturing data, the authors wrote. The shipments and inventories measured in the survey often serve as a marker for the health of the manufacturing landscape, as well as economic activity.


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Trump praises jobs, stock market numbers despite 'Russian hoax' story
In a second tweet posted shortly after, Trump said, "Stock Market hit another all-time high yesterday - despite the Russian hoax story! Trump's mention of "the Russian hoax story" comes as revelations about Donald Trump Jr.'s meeting with a Russian lawyer, Natalia Veselnitskaya, during the 2016 campaign raise new questions about whether the Trump campaign colluded with Russia to tilt the election in Trump's favor. Trump Jr.'s attorney, Alan Futerfas, said Friday that Trump Jr. had not disclosed all the facts of the meeting because it "concerns events that occurred 13 months ago that were considered insignificant at the time and essentially forgotten." President Donald Trump fired off a pair of tweets Saturday pointing to the US economy's strength amid the ongoing Russia firestorm. "Stock Market at new all-time high!"


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