ECONOMICS

Despite all the 'soft' data slumping and legacy media narrative creation that a recession is imminent, US Factory Orders (hard data) surged for the second month in a row (beating expectations). Headline factory orders rose 0.6% MoM (+0.5% MoM exp) in March and February's 1.7% MoM jump was revised up to +1.8% MoM. This left Factory Orders up 2.5% YoY…

Source: Bloomberg

Core Factory Orders (excluding the more volatile Transportation sector) rose 0.4% MoM – (more…)

By Charles Kennedy of Oilprice.com

Arctic LNG 2, the processing and export facility that was billed as Russia’s flagship LNG project, has gradually resumed gas processing after months of hiatus, Reuters reported on Tuesday, citing industry sources and satellite images.

Arctic LNG 2 has been under U.S. and EU sanctions since last year, and the project hasn’t been able to sell any cargo because of the sanctions.

The first production train at the plant was shut in (more…)

While hard data continues to improve, 'soft' data hit a new six-month low yesterday as more regional Fed surveys signaled trouble ahead (because of tariffs)…

Source: Bloomberg

And so all eyes are on the premier 'soft' data today as Manufacturing PMIs drop their final print for March.

The S&P Global Manufacturing PMI improved intra-month, rising from a  flash print of 49.8 (contraction) to a final print of 50.2 (expansion), but that was still (more…)