Tag Archives: PMI

Manufacturing PMI in the eurozone edged lower to 57 in early March from 58.2 in February, the data published jointly by IHS Markit and S&P Global showed on Thursday. This print came in better than the market forecast of 56. The Services PMI declined to 54.8 from 55.5 and the …

Data showed that the British economy recorded in January a recovery that far exceeded expectations from the decline caused by the Coronavirus in late 2021, which will increase the motivation of policymakers in the Bank of England to raise interest rates next week. The National Bureau of Statistics said gross …

Risk aversion has been leading most assets amid the war fogs and indecisive peace talks in Eastern Europe. Economic DataEarlier on Thursday, the headline ISM Services PMI reading slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the …

The UK services sector activity expanded less than expected in February, the final report from IHS Markit confirmed this Thursday. The seasonally adjusted IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) was revised lower to 60.5 in February versus 60.8 expected and a 60.8 – last month’s flash reading.

Canadian Manufacturing PMI rose slightly to 56.6 in February, indicating continued robust growth in the manufacturing sector. That marked a slight gain from January’s 56.2 reading and was a little above expectations for 56.4.Markit Manufacturing PMI, released by Markit Economics, is based on data compiled from monthly replies to questionnaires …

The NZD/USD pair grinds higher around three-day top, pokes February high. Market sentiment steadily recreases as Russia continues attack on Ukraine, peace talks extended through the week without any clear results.The diplomats assured further talks during this week but Moscow isn’t ready to step back as Russian troops bombard civilian …

The USD/CAD has tumbled below 1.2700 amid higher oil prices on an escalation in sanctions on Russia. The Canadian dollar has also been dumped after the safe-haven assets lose their appeal.The USD/CAD pair has shrugged off its gains on Thursday’s trading session and has tumbled below 1.2700 despite the unavailability …

The USD/CAD pair has seen two-way trade on Monday but is now back under 1.2700 as risk appetite improves. While geopolitics will be a key determinant of USD/CAD sentiment going forward, this week’s data calendar is also very busy.Highlights include the BoC rate decision on Wednesday, Fed Chair Powell’s testimony …

The economic activity in the US manufacturing sector continued to expand in February, at a faster pace than it did in January, with IHS Markit’s Manufacturing PMI rising to 57.5 (preliminary) from 55.5. This fresh reading came in above market’s expectation of 56.0. The pace of economic growth accelerated sharply …

Latest news says Russia has right to deploy military bases in eastern Ukraine under new agreement with separatist leaders.The news escalates the fears of a military invasion by Russia and weigh on the risk appetite, which in turn drag Antipodeans and propel the rush to risk-safety.Economic DataUS markets are still …