Japan flash PMIs Dec: Manufacturing 49.7 (prior 49.0), Servcies 47.2 (prior 47.8)
Preliminary PMI data from Japan for December ‘Final’ readings for these will be out in around a week.
Read More »Japan – Jibun Bank/Markit PMIs Services 47.8 and Composite 48.1 (final) for November
Preliminary and priors can be found here Comments from the IHS / Markit report: The balance is optimism in this analysis, which may be reasonable given vaccine developments and the…
Read More »Gold Stressed into year end?
The second wave of Covid infections globally has caused increasingly stringent lockdowns, which in turn have led to a resurgence of uncertainties over the near term growth outlook and are…
Read More »Japan – Jibun Bank/Markit Services 47.7 and Composite 48.0 PMIs (final) for October
Services Business Activity Index nine-month high of 47.7 in October Some notes on the report: — Survey of around 400 service sector companies
Read More »The nightmare scenario
A contested election was the nightmare scenario and that’s what came to pass, upsetting the “blue wave” that had been projections. However, it appears the Republicans retained control of the…
Read More »Japan October final manufacturing PMI 48.7 (flash was 48.0, prior 47.7)
This is the 18th straight month in contraction
Read More »Dollar Dips as Equities escalate
EURUSD, H1 The Dollar fell back concomitantly with rallying European stock markets and US index futures, which was likely a repositioning dynamic after declining over the last two weeks. EURUSD…
Read More »Japan’s Nikkei falls -0.5% at the morning opening
Soft opening for Japan’s stock market The US stocks ended an up and down session yesterday near session lows. The S&P index fell -0.22%. The NASDAQ index fell -0.28%. THe Dow industrial average…
Read More »Japan govmt planning to approve COVID-19 treatment drug Avigan in November
The Japanese government is planning an unprecedentedly short screening period of three weeks once Fujifilm Toyama Chemical Co submits a new drug application. The news comes via the , citing…
Read More »FX Update October 2 – Ahead of NFP
USDJPY, H1 The Yen has rallied versus other currencies amid a pronounced risk-off positioning theme in global markets on news that President Trump, along with the First Lady and White…
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