The November Caixin China Manufacturing PMI (Markit, sponsored by Caixin) has been released which follows a surprise weekend Manufacturing PMI which recorded its first expansionary print in six months. The weekend data was moving back above 50, reflecting that manufacturing activity has improved from contraction to expansion sparking a bid in risk-on fx and in the Aussie.
The Caixin China Manufacturing PMIâ„¢, released by Markit Economics, is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 private manufacturing sector companies.
ChinaCcaixin/IHS Markit November manufacturing PMI at 51.8 (vs 51.7 in October).
"China's factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday," Reuters reported, however, noting that "business confidence slipped and companies were reluctant to replenish their inventories, worried about the uncertain outlook for demand and the prolonged China-US trade war."
Source : FX Street
U.S. retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy™s main engine may cool in the fourth quarter by more than previously thought. The value of overall sales climbed 0.2% after an upwardly revised 0.4%...
A key measure of U.S. consumer prices remained subdued in November, bolstering widespread expectations Federal Reserve policy makers will hold the line on interest rates. The core consumer price index, which excludes volatile food and energy costs, rose 0.2% for a second month, and 2.3% f...
The ZEW indicator of economic sentiment in Germany turned positive in December, rising to the highest level in 21 months. The ZEW registered a reading of 10.7 points, up from -2.1 in November. "This hope results from a higher than expected German foreign trade surplus in October, alongside relative...
U.K. GDP was flat in the three months ending October, the Office for National Statistics said Tuesday. There were increases across the services sector, offset by falls in manufacturing with factories continuing the weak performance seen since April, the statistics agency said. The ONS also reporte...
U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000...