China March 2024 Official Manufacturing PMI 50.8 (expected 50.1) Services 53.0 (exp 51.5)
China has two primary Purchasing Managers’ Index (PMI) surveys – the official PMI released by the National Bureau of Statistics (NBS) and the Caixin China PMI published by the media…
Read More »Events to Look Out For Next Week
Attention is turning to CPI on April 12, while of even more interest will be Earnings Season which kicks off with the big banks on April 14. It looks like…
Read More »Japan February final manufacturing PMI 52.7
The flash reading was 52.9 & prior 55.4.Commentary on the data from Markit:”February PMI data pointed to a softer expansion in the Japanese manufacturing sector. The rate of growth eased to a…
Read More »EURCHF : Risk-Off sentiment favours Swiss Franc
EURCHF, H4 Markets opened earlier today with concerns over the likely longer-than-expected Russia-Ukraine conflict, after a number of economic sanctions were imposed on Russia from the US and the European…
Read More »Evergrande payment surprise, PMIs in focus
Overnight Headlines *US stocks ended mixed, S&P500 posted a record closing high *USD fell against most of its peers, but remains above 93.50 *US 10-year Treasury yield hits new cycle…
Read More »Oil market hold near 7-year high
USOIL is trading just over $78 per barrel, while UKOIL has spiked to $82.70, both above the highs seen yesterday after OPEC and its allies confirmed that they will be…
Read More »China’s NBS Manufacturing PMI drops to 50.4 in July vs. 50.8 expected
The purchasing managers’ index (PMI) for China’s manufacturing sector dropped to 50.4 in July from 50.9 in June, the latest data published by the Nati
Read More »Europe’s challenges
Europe is in the middle of a second wave of Covid-19 infections. The prospect of another hit to the economy in Q4 still leaves ECB and fiscal authorities in crisis…
Read More »Ahead of Retail Sales
Stocks are selling off, amid a serious bout of risk aversion in wider markets. Disappointing earnings reports so far saw Wall Street closing lower yesterday and the sell-off has accelerated…
Read More »Risks for UK Economy
The markets continue to take a sanguine view of the apparently stalled progress in the EU and UK trade talks. All things Brexit continue to go down to the wire,…
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