Lifting the lockdown and the end of the Lunar New Year celebrations led to a strong rebound in Chinese economic activity. The manufacturing PMI jumped to 52.6 in February from 50.1 the previous month, according Read more…
Lifting the lockdown and the end of the Lunar New Year celebrations led to a strong rebound in Chinese economic activity. The manufacturing PMI jumped to 52.6 in February from 50.1 the previous month, according Read more…
The February ISM manufacturing index registered 47.7, slightly below expectations calling for a 48.0 print. The index rose 0.3 percentage points (pp) from January’s reading of 47.4. New orders rose 4.5 pp to 47.0, while Read more…
The US 100 cash index continues to trade sideways, just above the busy 11,900-11,926 area populated by the 23.6% Fibonacci retracement level of the November 22, 2021 – October 13 downtrend and the 200-day simple Read more…
The US 100 cash index continues to trade sideways, just above the busy 11,900-11,926 area populated by the 23.6% Fibonacci retracement level of the November 22, 2021 – October 13 downtrend and the 200-day simple Read more…
EUR/GBP rebounds strongly on a contrasting comments from Bundesbank President Joachim Nagel and BoE Governor Andrew Bailey. In short, Nagel said “further significant interest rate steps” might be necessary for ECB after March, and a Read more…
EUR/GBP rebounds strongly on a contrasting comments from Bundesbank President Joachim Nagel and BoE Governor Andrew Bailey. In short, Nagel said “further significant interest rate steps” might be necessary for ECB after March, and a Read more…
UK PMI Manufacturing was finalized at 49.3 in February, up from January’s 47.0. That’s the highest level in 7 months even though it’s stuck in contraction territory. New orders fell but showed signs of stabilizing. Read more…
UK PMI Manufacturing was finalized at 49.3 in February, up from January’s 47.0. That’s the highest level in 7 months even though it’s stuck in contraction territory. New orders fell but showed signs of stabilizing. Read more…
Markets Unexpectedly accelerating inflation in France and Spain set the tone right at the start of European dealings. Core bonds slid with European bonds evidently underperforming US Treasuries. German yields rose 6.2-7.6 bps across the curve Read more…