Wednesday's Markets Update (March 1, 2023)

02 Mar 2023 by rate3

Wednesday session went without surprises underlined by a lazy ISM Manufacturing PMI update to 47.7 (47.4 - previous, 48 - prognosis). As reported by the Institute for Supply Management a noticeable decline was seen in production (47.3 vs 48) while employment fell (49.1 vs 50.6). Companies continue to insist that they will not substantially reduce head counts. At the same time, price pressures increased (51.3 vs 44.5). Accordingly, NASDAQ barely moved from 11447 on the opening to 11379 at the closure of the day session (-0.6 percent). BTC open and close prices was 23689 and 23421 respectfully (-1.1).