Eurozone Composite PMI

The latest flash PMI estimates covering manufacturing and services sectors released by Markit last week showed that the level of activity hit the lowest in a year. The flash data covers the month of May and underlined the fact that the Eurozone's economic activity continues to slow. Worries about a slowdown in the global economy still remain ...

2018-06-01 John Benjamin Read more
2017 Market Events Roundup

The year 2017 was a very eventful one, and a year when geopolitical uncertainties drove market trends globally. The year saw a massive surge in the US stock markets, ahead of the proposed tax cuts, a slump in the value of the British pound due to the Brexit drama, and surprising growth for the European and Asian markets. South Africa went and ca...

2018-01-17 Orbex Read more
Federal Reserve

The week ahead will see a fresh set of economic data for the month of June. The economic releases coming out this week include the manufacturing PMI data from China, the UK, US, and the eurozone. Later in the week, the FOMC meeting minutes are due followed by Friday's non-farm payrolls report. Also this week, the RBA will be holding its monthl...

2017-07-26 John Benjamin Read more
Uk inflation_BoE_2003

The currency markets will be taking a step back after a rather busy week that saw the U.S. Federal Reserve hike interest rates. Various Fed officials are lined up to speak during the week including Fed Chair Janet Yellen. In the Eurozone data shifts to flash PMI numbers while in the UK, the inflation data once again hits the spotlight as econo...

2017-03-20 John Benjamin Read more
Eurozone_Flash_PMI_3101

Preliminary estimates based on the PMI surveys showed that the Eurozone lost some of its momentum in the first month of the year. The IHS Markit's eurozone flash PMI fell to 54.3 in January, down from 54.4 in December on mixed results from the services and manufacturing surveys. The flash services PMI was at a 3-month low at 53.6 in January whil...

2017-01-31 John Benjamin Read more
Jens Weidmann

Market Summary Japan manufacturing continues to remain in contraction (flash PMI) Germany services sector slows in August Eurozone composite PMI hits a 7-month high New Zealand dollar rises as RBNZ rules out steep rate cuts US flash manufacturing PMI soft in August US new home sales rises to a 9-year high Today’s Economi...

2016-08-23 John Benjamin Read more
Yellen_FOMC_Fed

The Australian dollar was the weakest currency last week as the AUD gave up the gains logged earlier in the week after posting a weekly high to 0.7749. Following the AUD was the US dollar which continued to post steady declines for two straight weeks. With diminishing prospects of a rate hike for September the markets continues to bet against th...

2016-08-22 John Benjamin Read more
manufacturing PMI

Market Summary China official manufacturing PMI slips into contraction, Caixin manufacturing PMI beats estimates China’s non-manufacturing PMI rises for the third consecutive month Eurozone manufacturing PMI falls to 52.0 in July, better than UK manufacturing PMI UK manufacturing PMI falls to 48.2 in July Markit manufacturing ...

2016-08-01 John Benjamin Read more
Japan_trade

Japan yen was stronger this morning after the weekend G7 summit saw investors ruling out yen intervention from BoJ. Trade surplus data from Japan also supported the view that the BoJ is unlikely to act in June. Today’s Economic events Japan trade balance 0.43 trillion vs. 0.27 trillion Japan flash manufacturing PMI 47.6 vs. 48.3 ...

2016-05-23 John Benjamin Read more