US March ISM manufacturing 50.3 vs 48.4 expected ...Middle East

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US March ISM manufacturing 50.3 vs 48.4 expected
Prior was 48.4Details:Prices paid 55.8 vs 52.5 priorEmployment 47.4 vs 45.1 priorNew orders 51.4 vs 49.2 priorInventories 48.2 vs 45.3 priorProduction 54.6 vs 48.4 priorUSD/JPY was trading near the highs of the day at 151.61 ahead of the data as US 10-year yields were up 9.3 bps. The turn of the calendar and Powell's comments on Friday are part of what's driving markets.Comments in the report:“Performance continues to defy projections of a downturn in activity. Demand remains strong, and the pipeline for orders is robust.” [Chemical Products]“Expecting to see orders and production pick up for the second quarter. Suppliers are working with us to help drive costs down, which

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