Share: The latest data on Tuesday showed that the preliminary S&P Global Australian Services PMI posted 47.6 in October from 51.8 in September. On the other hand, the Manufacturing PMI eased to 48.0 from 48.7 in the previous reading. Furthermore, the Composite Index came in at 47.3 versus 51.5 prior. Market reaction At the press time,
Middle East conflict developments, inflation updates and interest rate expectations continued to dominate the markets this week. These themes and other drivers prompted no sight of the usual risk behaviors and correlations between the major asset classes. Notable News & Economic Updates: 🟢 Broad Market Risk-on Arguments China conducted MLF operations that put a net
Share: All major weather agencies have formally announced the onset of El Niño. Strategists at ANZ Bank believe El Niño related disruptions will be short-lived and contained for the Asia-Pacific. El Niño is a regional story While production losses due to El Niño will exert upward pressure on food commodity prices in Asia
From global meetings that could raise interest rates to the impact of Middle East conflict, this video covers all the latest news. Discover how job numbers in the UK are actually a good thing, while Europe’s positive economic outlook is a breath of fresh air. لینک منبع : هوشمند نیوز
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Share: Gold price scales higher for the second straight day and climbs to over a one-week high on Monday. Escalating geopolitical tensions in the Middle East provide a strong lift to the safe-haven XAU/USD. Hawkish Fed expectations, elevated US bond yields underpin the USD and cap gains for the metal. Gold price (XAU/USD)
October is here, and you know what that means: another round of top tier events to start the month, including the monthly monster U.S. employment update! Traders patiently awaited the event before making big moves, patience that was rewarded with a big positive surprise and volatility to follow! Not caught up on the major headlines?
© Reuters. A money exchange vendor holds U.S. dollar banknotes at his shop in Beirut, Lebanon December 21, 2022. REUTERS/Mohamed Azakir By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar’s share of global currency reserves reported to the International Monetary Fund was 58.9% in the second quarter, unchanged from the first three months of the
Prior month manufacturing PMI 47.9. Services PMI 50.5 Manufacturing PMI 48.9 versus 48.0 estimate Services PMI 50.2 versus 50.6 estimate Composite PMI 50.1 versus 50.2 last month Mixed report vs expectations. Manufacturing remains below the 50 level indicative of contraction. Services remain just above the 50.0 level as it clings to growth. The services PMI
Risk assets were generally on top this week thanks to net positive economic updates from the U.S. and stimulative efforts from China, supporting “soft landing” bets. Meanwhile, European currencies like EUR, GBP, and CHF lost pips as disappointing data releases highlighted the growth concerns in the region. So, how exactly did the major global assets
