PMI
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US PMI Exceeds Expectations
The U.S. August S&P Global Services PMI final value surpasses expectations at 55.7
Positive momentum for the U.S. economy
#USMarket #PMI #FinanceNews
The U.S. August S&P Global Services PMI final value surpasses expectations at 55.7
Positive momentum for the U.S. economy
#USMarket #PMI #FinanceNews
WHAT DATES IN DECEMBER 2023 WILL BE MOVING THE MARKET?
đ US ISM Services Purchasing Managersâ Index (PMI)
When?
Friday, 1 December
Relevance?
The US ISM Services PMI measures the health of the American services sector, which includes industries like healthcare, retail, and hospitality. Investors pay close attention to these numbers because the services sector makes up a significant portion of the US economy.
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đ US unemployment rate and non-farm payrolls
When?
Friday, 8 December
Relevance?
US unemployment numbers serve as a critical indicator of the overall health of the US economy.
------
đ US inflation rate numbers
When?
Tuesday, 12 December
Relevance?
The inflation rate in the US will decide the Fedâs plans with interest rates. High inflation may call for further rate hikes, while signs of inflation slowing may lead to a pause or even a decrease in interest rates.
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đ Federal Reserve Bank interest rate decision
When?
Wednesday, 13 December
Relevance?
Financial markets often react sensitively to interest rate decisions. Lower interest rates can stimulate economic activity and boost stock markets, while higher rates can have the opposite effect.
$BTC $ETH $XRP
#MarketWatch2023 #MarketDynamics #FederalReserve #inflation #PMI
đ US ISM Services Purchasing Managersâ Index (PMI)
When?
Friday, 1 December
Relevance?
The US ISM Services PMI measures the health of the American services sector, which includes industries like healthcare, retail, and hospitality. Investors pay close attention to these numbers because the services sector makes up a significant portion of the US economy.
------
đ US unemployment rate and non-farm payrolls
When?
Friday, 8 December
Relevance?
US unemployment numbers serve as a critical indicator of the overall health of the US economy.
------
đ US inflation rate numbers
When?
Tuesday, 12 December
Relevance?
The inflation rate in the US will decide the Fedâs plans with interest rates. High inflation may call for further rate hikes, while signs of inflation slowing may lead to a pause or even a decrease in interest rates.
------
đ Federal Reserve Bank interest rate decision
When?
Wednesday, 13 December
Relevance?
Financial markets often react sensitively to interest rate decisions. Lower interest rates can stimulate economic activity and boost stock markets, while higher rates can have the opposite effect.
$BTC $ETH $XRP
#MarketWatch2023 #MarketDynamics #FederalReserve #inflation #PMI
#Bitcoin's price held steady around $69,000, buoyed by speculation of potential interest rate cuts by the #FederalReserve, which weakened the #dollar and prompted some investors to seek refuge in #cryptocurrencies. Over the past 24 hours, Bitcoin saw a modest 0.8% increase, inching closer to breaking out of its $60,000 to $70,000 trading range that has persisted since mid-March. However, the sustainability of Bitcoin's rise above $70,000 remains uncertain.
In May, digital asset investment products witnessed continuous inflows for the 4th consecutive week, totaling $2 billion for the month. Bitcoin attracted the majority of these inflows, while #Ether also saw increased capital influx following the #SEC's approval of Ether-based exchange-traded funds (#ETFs). Despite improved sentiment towards cryptocurrencies, trading volumes and daily turnover in crypto investment products remained subdued.
The broader cryptocurrency market also experienced gains, fueled by optimism surrounding potential rate cuts by the Fed. Weak #US purchasing managers index #PMI data spurred speculation of a rate cut as early as September, leading traders to favor riskier assets like cryptocurrencies. As a result, #Ethereum fell by 1.4% to $3,762.49, while other cryptocurrencies such as SOL and XRP posted marginal gains. Memecoins like SHIB and DOGE, however, saw declines as investors engaged in profit-taking following robust gains in May.
In May, digital asset investment products witnessed continuous inflows for the 4th consecutive week, totaling $2 billion for the month. Bitcoin attracted the majority of these inflows, while #Ether also saw increased capital influx following the #SEC's approval of Ether-based exchange-traded funds (#ETFs). Despite improved sentiment towards cryptocurrencies, trading volumes and daily turnover in crypto investment products remained subdued.
The broader cryptocurrency market also experienced gains, fueled by optimism surrounding potential rate cuts by the Fed. Weak #US purchasing managers index #PMI data spurred speculation of a rate cut as early as September, leading traders to favor riskier assets like cryptocurrencies. As a result, #Ethereum fell by 1.4% to $3,762.49, while other cryptocurrencies such as SOL and XRP posted marginal gains. Memecoins like SHIB and DOGE, however, saw declines as investors engaged in profit-taking following robust gains in May.
Happy Monday đ
đ Mark your calendars for the following dates:
đč April 27, 2024: Consumer Confidence Index đŠ
đč May 1, 2024: Manufacturing PMI đ
đč May 5, 2024: Non-Farm Payroll Report đ·ââïžđ©âđŒ #CCI #PMI #NFP #economy #DataRelease
đ Mark your calendars for the following dates:
đč April 27, 2024: Consumer Confidence Index đŠ
đč May 1, 2024: Manufacturing PMI đ
đč May 5, 2024: Non-Farm Payroll Report đ·ââïžđ©âđŒ #CCI #PMI #NFP #economy #DataRelease
Busy week for economic datađïžđđ
This coming week will see another holiday-shortened session (July 4th Independence Day), though the data-calendar is actually going to be relatively jam-packed. Mondayâs âearly-closeâ will see Manufacturing PMI, ISM, and auto-sales all condensed into ~3â4 hours of condensed market action. Following that, weâll see a rare Labour-Trifecta day with ADP, Jobless Claims, and JOLTS all due on Thursday, followed by ISM Services, June FOMC Minutes, and Fridayâs last NFP report before the July Fed meeting. This might be the last and busiest data week before market participants begin to embark on their long summer holidays.
#PMI #ADP #ISM #FOMC #NFP
This coming week will see another holiday-shortened session (July 4th Independence Day), though the data-calendar is actually going to be relatively jam-packed. Mondayâs âearly-closeâ will see Manufacturing PMI, ISM, and auto-sales all condensed into ~3â4 hours of condensed market action. Following that, weâll see a rare Labour-Trifecta day with ADP, Jobless Claims, and JOLTS all due on Thursday, followed by ISM Services, June FOMC Minutes, and Fridayâs last NFP report before the July Fed meeting. This might be the last and busiest data week before market participants begin to embark on their long summer holidays.
#PMI #ADP #ISM #FOMC #NFP
Global manufacturing PMI continues to decline, inflation pressure raises concernsđ„ș
UK manufacturing survey stumbling out of the gate with a 45 print, followed by Germany's manufacturing PMI at 38.8 vs 41 expected. These surveys continue a long-standing trend of the manufacturing sector struggling under the weight of higher rates and supply-chain challenges, while the services PMIs have continued to show strength thanks to a resilient consumer base.
In the US, S&P Manufacturing PMI improved slightly to 49 for July, while services PMI declined to 52.4 but remained in expansion territory. However, there's an unwelcome rebound in input prices to 50.6 vs 47.2 in the previous month, signaling potential difficulty in reducing inflation below 3% in the near term.
#PMI #inflations #UK #US #Germany
UK manufacturing survey stumbling out of the gate with a 45 print, followed by Germany's manufacturing PMI at 38.8 vs 41 expected. These surveys continue a long-standing trend of the manufacturing sector struggling under the weight of higher rates and supply-chain challenges, while the services PMIs have continued to show strength thanks to a resilient consumer base.
In the US, S&P Manufacturing PMI improved slightly to 49 for July, while services PMI declined to 52.4 but remained in expansion territory. However, there's an unwelcome rebound in input prices to 50.6 vs 47.2 in the previous month, signaling potential difficulty in reducing inflation below 3% in the near term.
#PMI #inflations #UK #US #Germany
