The final report ofl Markit Manufacturing PMI It showed a reading of 56.7, as expected. This represents an improvement from October 53.4 and marks the highest reading since September 2014.
The manufacturing sector picked up pace in November with output accelerating to the highest level in six years, said Chris Williamson, chief economist at IHS Markiet. He added that confidence was driven by the encouraging news about the vaccine and the expectation of more stimulus in public spending.
The report had no significant impact on the market. The dollar remains weak on almost all fronts except against the yen. USD / JPY rises on the back of rising stocks on Wall Street, where major indices are at record highs.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
