China’s factory activity slumped sharply in April as official NBS Manufacturing PMI dropped from 50.5 to 49.0, its lowest level since December 2023 and below expectations of 49.9. Non-manufacturing PMI also weakened from 50.8 to 50.4. The decline points to early signs of strain from escalating trade tensions, with NBS citing “sharp changes in the […]
The post China’s factory activity slumps on trade conflicts, optimism near record lows appeared first on Action Forex.
The EUR/USD and GBP/USD currency pairs are showing moderate gains amid a consolidation of market expectations ahead of the release of crucial macroeconomic indicators. Tomorrow, investor focus will shift to data on inflation, consumer spending Read more…
As the XBR/USD chart shows: → at the beginning of April, Brent crude was trading above $71 per barrel; → this morning, on the last day of the month, the price has fallen below $60. Read more…
The Swiss KOF Economic Barometer slumped to 97.1 in April, down sharply from 103.9 and well below the expected 102.0, marking its first drop below the medium-term average this year. The KOF Swiss Economic Institute Read more…