US drilling rigs count rises for fourth week - Baker Hughes
The energy services firm Baker Hughes announced today that the US crude oil drilling rigs count rose 12 rigs to 205 during this week.
While the natural gas rigs rose by 1 to 77 rigs, with the total of oil and gas rigs rising by 13 to 282 rigs.
USD/JPY tilted higher in Asian trade off March 12 lows, following earlier data from Japan and ahead of US data and Fed speeches today. As of 06:52 GMT, USD/JPY rose 0.05% to 105.53, with an intraday high at 105.55. Earlier Japanese data showed the industrial index up to minus 27 from minus 34, while the services index improved to minus 12 from minus 17. Japan's manufacturing PMI rose to 47.7 from 47.3, beating estimates of 47.2. From the US, personal spending is expected up 0.7%, while personal income is expected down 2% in August. Unemployment claims for the week ending September 26 are expected down 20 thousand to 850 thousand, while continuing claims are expected to 355K to 12.2 million. US manufacturing PMI is expected at 53.5, up from 53.1 in August, while construction spending is expected up 0.8%. Federal Reserve Bank of New York President John Williams is due to deliver opening remarks at the New York Fed's Research Conference on FinTech, via satellite.
The US dollar fell against most of its peers on Friday, amid anticipation of the second fiscal aid package to ease the coronavirus impact on the US economy. President Donald Trump decided last week to stop the second Covid-19 stimulus talks between his administration and Congress leaders until after the presidential election in November. However, the Trump administration proposed to the Congress a $1.8 trillion fiscal stimulus package, and then President Trump informed Treasury Secretary Steven Mnuchin to raise even more. The US retail sales index rose 1.9% in September, beating forecasts of 0.7%, and the first reading of the University of Michigan's consumer confidence survey rose to the highest level since March at 81.2 points. The dollar index fell against a basket of currencies by 0.1% to 93.7 points as of 20:24 GMT, after it hit a high of 93.8 and a low of 93.5.
The energy services firm Baker Hughes announced today that the US crude oil drilling rigs count rose 6 rigs to 211 during this week. While the natural gas rigs fell by 1 to 73 rigs, with the total of oil and gas rigs rising by 5 to 287 rigs.