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
IMF optimism and Eurozone GDP preliminary data in spotlight
The International Monetary Fund (IMF) raised its projection for global growth this year, citing greater-than-anticipated resiliency in economies around the globe and adopting a more positive tone than in its reports from the previous year. The IMF suggests that global growth will reach 2.3%, 0.2% higher than its previous forecast. IMF’s analysts forecast that the […]
German Preliminary Manufacturing PMI drops to 47.0 in January vs. 47.9 expected
German Manufacturing PMI arrives at 47.0 in January vs. 47.9 expected. Services PMI in Germany jumps to 50.4 in January vs. 49.7 expected. EUR/USD erases gains near 1.0870 on mixed German PMIs. The German manufacturing sector contraction moderated in January even as inflation continues to slow, the preliminary manufacturing activity report from S&P Global/BME research […]