March UK PMI registers slowest pace of growth

Economic activity as measured by IHS Markit's Purchase Managers Index showed a broad based decline across the manufacturing, construction and services sector in the UK during the month of March. Combined, the 'all sector PMI' that measures all three sectors was seen sliding to a 20-month low in the month of March and including weaker pace of ...

2018-04-16 John Benjamin Read more
Italian elections and US revised GDP

The week ahead will be marked with investors turning their attention to the Italian elections and US revised GDP. Although the risks are limited as far as the euro currency is concerned, any surprise results could indeed bring volatility to the markets. On the economic front, data this week will focus on the revised GDP estimates from the U.S. W...

2018-03-23 John Benjamin Read more
construction

Last week IHS Markit released the monthly UK PMI's covering the manufacturing, construction and services sector for the month of December. According to the report, the Purchase Manager's Index surveys showed that, despite the ongoing uncertainty surrounding Brexit, the activity across the sectors remained resilient. Growth was seen rising at ...

2018-01-17 John Benjamin Read more
UK Jobs_0404

Manufacturing and construction PMI slows in March Services PMI rises to the highest level this year UK all-sector PMI suggests UK’s GDP might have expanded at a pace of 0.4% in the first quarter of 2017 Weak readings in manufacturing and construction suggests worsening conditions in the coming months Consumer-focused services saw...

2017-04-07 John Benjamin Read more
Bank UK

The markets enter a crucial week with both economic and political decisions weighing on traders. The US general election is now just one week away which will remain in the backdrop for the markets. The monetary policy meetings from the RBA, BoJ, FOMC and the Bank of England will likely set the stage for a December showdown. On the economic front...

2016-10-31 John Benjamin Read more
US Jobs

The week ahead of 27/08 - 02/09 will see investors focus on the US PC data and Friday's payrolls report for August. With Yellen signaling rate hikes, the data this week could potentially seal the deal for a September rate hike. The British pound managed to stay on the top this week gaining 0.61% against the US dollar. The gains came as economic...

2016-08-29 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
Australia_aussie

OPEC leaders met in Vienna this week for the bi-annual meeting but despite the buzz, leaders of the oil producing nations failed to reach any conclusive agreement on ceiling production. Oil prices did not react much which also saw the weekly US crude oil inventories posting a lesser than expected draw-down on inventory. Elsewhere, economic data ...

2016-06-03 John Benjamin Read more
RBA

The markets opened this week on a subdued note, fresh from the previous week's BoJ inaction. Investors continued to bid the yen into the first part of the week but soon trimmed their positions as the yen fell back and the dollar gained strength. Gold prices posted a new high this week, briefly trading above $1300, marking a one-year high before ...

2016-05-06 John Benjamin Read more