Final Eurozone PMI - Below Expectations

5 April, 2016

Final Eurozone PMI - Below Expectations

Eurozone final services PMI revised down to 53.1 from 54.0 reported initially and versus 53.3 in February. The composite was revised up to 53.1 from 53.0 reported initially on the back of the stronger manufacturing number, but this still leaves the index down from 53.7 in the previous month. So the improvement in confidence that the PMI suggested for the end of the first quarter looks shakier than thought and the country breakdown highlights that even the big four are drifting apart again, with the weakness mainly felt at the core. France in particular continues to underperform amid the lack of structural reforms.

EURJPY continued its decline from Fridays high to the psychological 125.50 level and the 4 Hour 200 Day MA. The JPY has been particularly strong over night as risk off takes hold. There was also a meeting convened between the BOJ, the Japanese finance ministry and the financial regulator, following the meeting Chief Cabinet Secretary Suga said FX levels were being watched with “a sense of urgency”.


Source link  
CBs refrained from changes

ECB economists now expect that the euro area economy will grow by 2.3% in 2018, well above the expected growth of 1.8% growth forecasted back...

Asian stock indexes drop

Equity indexes in Asia were mainly lower in late hours on Wednesday, as investors’ sentiment was affected by a weak close on Wall Street...

Market sentiment is improving

On Tuesday, global markets were able to change the mood and moved to gain, with some of the European markets recovering all Monday's losses...


Global markets consolidate

At the beginning of the week, the global market sentiment remains restrained, as stock markets are under pressure despite the start of the...

OPEC's output cuts extension

The oil market will be in focus in the next few days as the Organization of the Petroleum Exporting Countries and a group of independent producers...

Black friday: how do they affect markets?

While for some people Thanksgiving may still be a day to thank ‘god’ for the blessing of the harvest (office jobs also apply?), nowadays is a holiday...


Asian markets are mainly quiet

Asian markets were mainly quiet on Thursday, following a calm session on Wall Street as market participants digested FOMC minutes and looked...

Euro extended its bullish momentum

The line rejected the pair which eased towards 1.1650 afterwards. If the price breaks below 1.1650 sellers may push the euro to 1.1600...

Gold trades mixed in a narrow range

However, the level 1280 is on its way and won’t let the spot further. A rebound from 1270 pointed to strong buyers who will not give up their attempt...

  


Share: