Weak euro zone data point to cracks in recovery as inflation lingers
Bloc’s retail sales rebounded only feebly in JanuaryConstruction still contracted, sector’s PMI showedSurprise fall in morale in March’s Sentix indexExpect more ECB rate hikes after March, says LaneBig nations’ inflation rose in Feb, data showed last weekFRANKFURT, March 6 (Reuters) – The euro zone’s economic recovery is tentative and fragile, several indicators suggested on Monday, […]
Crude oil rises ahead of PMI data from key economies
Crude oil traded higher on Tuesday morning as the market is awaiting February’s PMI (Purchasing Managers’ Index) data from major oil consumers such as the US and China.At 9.53 am on Tuesday, May Brent oil futures were up by 0.21 per cent at $82.21 and April crude oil futures on WTI were up by 0.32 […]
Japan’s factory activity shrinks at fastest pace in 2-1/2 years
TOKYO, Feb 21 (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures.The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell […]
S&P/Global services PMI index versus a 46.8 versus 46.6 preliminary
S&P/global services business index The more closely followed ISM nonmanufacturing PMI index will be released at the top of the hour with expectations of a move back above the 50.4 from 49.2 last month. The nonmanufacturing business activity index is expected to rise to 54.5 from 53.5 last month. Source link
ISM US nonmanufacturing PMI index 55.2 versus 50.4 estimate
ISM Non Manufacturing index Nonmanufacturing PMI index 55.2 versus 50.4 estimate. Prior month 49.2 nonmanufacturing business activity index 60.4 versus 54.5 estimate. Prior month 53.5 employment index 50.0 versus 49.4 last month new orders index 60.4 versus 45.2 last month prices paid index 67.8 versus 68.1 last month new export orders 59.0 versus 47.7 last […]
ISM Services PMI rebounds to 55.2 in January vs. 50.4 expected
ISM Services PMI in January rose back into the expansion territory. US Dollar Index clings to impressive daily gains above 102.50. The economic activity in the US service sector expanded at a robust pace in January with the ISM Services PMI rising to 55.2 from 49.2 in December. This reading came in better than the […]
AUD/USD refreshes day low below 0.7070 despite upbeat Caixin Services PMI
AUD/USD has dropped to near 0.7064 as the market mood has soured. The upbeat Caixin Services PMI at 52.9 failed to provide support to the Australian Dollar. An interest rate hike of 25 bps is expected from the RBA next week. The AUD/USD pair has printed a fresh day’s low at 0.7064 despite the IHS Markit has […]
Global factory activity contracted again in January, highlighting fragile recovery
U.S. manufacturing sinks further in Jan, but few layoffs – ISMEuro zone factories have passed their trough in activity – PMIChina’s Jan factory activity shrinks – Caixin PMI surveyWASHINGTON/LONDON, Feb 1 (Reuters) – Manufacturing activity across the United States, Europe and Asia contracted again last month, underscoring the fragility of the global economic recovery, although […]
Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s
AUD/USD picks up bids to challenge two-day downtrend. China official PMIs came in firmer for January, IMF revised up growth forecasts. Aussie Retail Sales, cautious mood ahead of the key data/events previously weighed on prices. US data eyed ahead of Fed meeting, risk catalysts are important too. AUD/USD probes the two-day downtrend while picking up […]
Australian Dollar Skips a Beat on Chinese PMI and Domestic Data. Where to for AUD/USD?
The Australian Dollar nudged a notch higher after firm Chinese PMI numbers, while local statistics showed an economy potentially losing steam. Will AUD/USD turn lower? Source link