E-Mini S&P 500: Global Growth, Expansion Or Contraction?
By DeWayne Reeves:The E-Mini S&P 500 Monday was all about growth. Growth in the US, the Euro Zone and China. Growth consists of both expansion and contraction over an allocated period of time. US Factory Orders Monday decreased 1.0 %, under analysts' expectations for a 1.5% decrease. The Institute for Supply Management services index increased to 57.3 in February after 56.8 in January. Expectations were for a decrease to 56.1. This reflects about two-thirds of US economic activity. Any reading over 50 reflects expansion.The New Orders Index increased by 1.8% points to 61.2%, and the Employment Index decreased by 1.7% points to 55.7%, indicating continued growth in employment, but at a slower rate. The ISM paid prices index increased to 68.4 from 63.5 reflecting higher input costs. The most important report perhaps this week is the Unemployment Report slated for Friday with forecasts at 210,000 jobs created in February after January'sComplete Story »