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China’s economy is expanding again, according to official data (USD/CNH)
The National Bureau of Statistics China (NBS) released PMI data this week which shows both the manufacturing and services sector are expanding.
European Open: China’s PMI squeeze in a surprise expansion, GBP/AUD turns higher
China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen
EU markets ease on mixed European PMIs
There were some downside surprises with French and UK services, and German manufacturing, all disappointing expectations
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Average Hourly Earnings steals thunder in NFP jobs data
Markets are focusing on the Average Hourly Earnings data for December, which was lower than expected. But will the Fed see it as dovish as the markets?
Eurozone stocks turn lower as PMIs remain in contraction
Economic activity remains rooted deeply in negative territory, due to the soaring cost of living, rising interest rates and elevated levels of uncertainty.
Recession worries grow in busy week for earnings and central banks
Poor PMI data underscore the challenges central banks face at a time when inflation remains very high
Recession worries grow in busy week for earnings and central banks
Poor PMI data underscore the challenges central banks face at a time when inflation remains very high
European Open: FTSE bulls eye break of 7000, Flash PMI’s up next
Futures suggest the FTSE could challenge the 7,000 resistance level, but we also have flash PMI data in focus for the UK, Europe and US.
European Open: FTSE bulls eye break of 7000, Flash PMI’s up next
Futures suggest the FTSE could challenge the 7,000 resistance level, but we also have flash PMI data in focus for the UK, Europe and US.
China’s PMI’s continue to underperform, USD/CNH bulls eye 7.00
The National Bureau of Statistics of China (NBS) released PMI data for China, and is another data set which underperforms relative to expectations.
US PMI’s disappoint ahead of key inflation data and Jackson Hole
Whilst US PMI data disappointed, it’s not as though the economic deterioration we’re witnessing didn’t come without plenty of warning. And the upshot all this is that it's deflationary.
European and US PMIs weaker; EUR/USD remains near parity
With the Jackson Hole Symposium this Thursday and Friday and the Fed stating that it is “data dependent”, the US data matters more at this point.
WTI lower, but it has little to do with the upcoming OPEC+ meeting
With negative manufacturing data beginning in China and continuing throughout the US session, WTI Crude Oil has been trading lower, down nearly 5% on Monday.
China’s manufacturing and services sectors expanded in June
Data from NBS (National Bureau of Statistics) expanded for the first month in four as lockdown restrictions were eased.
Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
Poor PMIs underpin recession worries
This is the latest macro data to underscore worries about a sharp economic slowdown
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💥 Week Ahead: Continued NFP and Central Bank fallout, RBA, and earnings #RBA #JobsReport #FOMC #ECB #BoE #FTSE https://t.co/9MNIFtOHg4 https://t.co/DZSZLakM6d
8:41 PM − 03 Feb 2023
European Open: Volatile trade for yen pairs, PMI’s up next
The Japanese yen was broadly higher overnight on comments from a former FX and a report showing foreign investors fled the bond market last week.
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Lagarde comments, poor UK PMIs give EUR/GBP a lift
Hawkish comments from ECB President Christine Lagarde and weaker PMI data from the UK have helped push EUR/GBP back towards recent highs.
European Open: EUR/USD pulls back ahead of PMI’s, futures lower
PMI data makes up the baulk of economic data for Europe and the US, which kicks off with German data at 08:15 BST.
Asian Open: China’s PMI Contracts for a Second Month
We have a busy calendar to kick the week off today, and eyes will be focussed on Caixin’s PMI data at 12:45 AEST given the official data slumped to a new pandemic low on Sunday.
European Open: Evergrande Coughs Up, Flash PMI’s in Focus
Another day, another bullet dodged by the troubled Property Developer Evergrande. With a slight risk-on tone, focus now shifts to Flash PMI data for Europe and the US.
European Open: China Services PMI Follows Manufacturing Lower
China’s strict lockdown measures have also seen the service sector contract, which points to slower growth for the world’s second largest economy.
European Open: China PMI Contracts, ADP Employment and ISM in Focus
The final PMI read for China’s manufacturing sector was revised lower, which placed it into contraction for the first time since April 2020.