Category: PMIs
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Monitoring dollar, DeepSeek and China’s PMIs
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Written by Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A big week for global markets kicks off in Asia on Monday, with investors still navigating headlines about US President Donald Trump’s potential economic agenda, while trying to gauge whether the “American exceptionalism” narrative may…
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Eurozone October PMIs Mixed, As Improvements Seen in Germany
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Flash PMI readings from the euro zone painted a mixed picture for the economy in October, with improvements seen in Germany but France reporting a slowdown in the manufacturing and services sectors. France’s manufacturing PMI fell to 44.5 instead of rising to 44.9 during the month, reflecting a sharper pace…
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Economic calendar in Asia 30 September 2024 – China PMIs for September
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Note that New Zealand switches to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, the ANZ New Zealand Business Survey for September 2024 is due out today. August data improved compared to July but remained poor: But the focus will be on data from China.…
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U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
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Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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U.K.’s PMIs Showed Solid Private Sector Expansion In August
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S&P Global’s August Purchasing Managers’ Index (PMI) reports reflected strong expansions in UK private sector activity, with manufacturing jumping to a 26-month high and services rising to a four-month high. The composite index measuring the manufacturing and services sectors was also in the spotlight as it reached its highest levels…
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Gold Technical Analysis – Flash US PMIs in focus
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Basic Overview After breaking the 2480 resistance level, gold eventually managed to extend its gains to the 2532 level as buyers flocked in. In the big picture, gold is expected to remain supported as real yields decline as we head into the Fed’s easing cycle, but in the near term,…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
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Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…
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PMIs back on the agenda in Europe today
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The dollar continues to remain somewhat resilient during the week, with major currencies not showing much appetite. USD/JPY remains outstanding, with the pair rising to 159.00 – its highest level since Japan’s intervention on April 29. There is nothing stopping traders from dancing to the beat there. In other markets,…
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Asia FX weakens as China PMIs disappoint; Dollar steady before PCE data By Investing.com
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Investing.com — Most Asian currencies fell on Friday, with China’s yuan heading back towards six-month lows after disappointing business activity readings, while the dollar steadied in anticipation of key inflation data. Regional currencies also remained under pressure amid lingering concerns about US interest rates rising for longer, as hawkish comments…
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Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
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The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
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U.S. Flash PMIs Signal Stronger Industry Growth in May
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The latest round of manufacturing and services PMI readings from the US economy reflected a faster pace of expansion for both sectors. May Flash Manufacturing PMI: 50.9 (50.0 forecast, 50.0 previous) May Flash Services PMI: 54.8 (expect 51.2, previous reading upgraded from 50.9 to 51.3) The S&P Global Manufacturing PMI…