Edited from reports from Bloomberg News
The Institute for Supply Management's manufacturing index, expected on Dec. 1, and the Labor Department's job report expected on Dec. 2 will show that
The Institute for Supply Management's November manufacturing index is forecast at 58, above the 50-point line indicating growth. Last year’s average at this time was 55.4.
A Bloomberg survey showed that the economy created 215,000 jobs in November compared with 56,000 in October. Employers probably added almost four times as many workers in November as in the prior month, the survey reported.
Based on the speculation that these reports will show
The U.S. currency is headed for its first annual gain against the yen since 2001 as accelerating U.S. economic growth prompted the Federal Reserve to raise its benchmark interest rate seven times, to 4 percent.
``The dollar looks in a good position,'' said Tim Fox, a currency strategist at Dresdner Kleinwort Wasserstein in