Asian markets have recovered after witnessing a bloodbath last week. Vulnerable Asian markets have turned positive this week after the turmoil seen in the final days of February. The escalation in the war between Russia and Ukraine forced market participants to shed risk-sensitive assets and park their funds in safe-haven assets. Talks between the Kremlin […]
Tag: PMI
Markit services PMI improves to 56.7 vs. 53 expected
Markit services PMI well above expectations in February. The composite index rises to 56.0 in February from 51.1 in January. Business activity in the US service sector gained momentum in February with the IHS Markit Services PMI advance rising to 56.7, above the 51.2 and above the market consensus 53. Also, the Composite PMI rose […]
US: Strong acceleration of economic activity in February
Economic activity in the US rose sharply in February, exceeding market estimates, as the effects of Omicron declined, although high input prices continue to weigh on businesses. In particular, according to preliminary data from IHS Markit, the composite PMI, which tracks the manufacturing and services sectors, recorded a strong recovery at 56 points this month […]
Preliminary services PMI rises to eight-month highs in February
The UK services PMI index rose sharply in February’s preliminary reading to 60.8 from 54.1 points in January, its best figure in eight months, specifically since June 2021. The result improves market expectations, which foresaw an increase to 55.5. The manufacturing PMI has remained unchanged at 57.3, one tenth above the 57.2 estimate. February PMI […]
Services PMI improves to three-month highs, manufacturing pulls back slightly
The Markit manufacturing PMI index for the euro zone has fallen three tenths in February, standing at 58.4 compared to the previous 58.7 points and forecast by the market. The Services PMI has jumped to 55.8 in the same period since the previous 51.1, his best result in three months, surpassing the 52 points estimated […]
EUR/USD pulls back below 1.1250
EUR/USD has pulled back below 1.1250 from previous highs at 1.1275, having rejected resistance. Currency markets are digesting the latest data releases from the Eurozone and the US and the Fed is speaking. After the surprises to the upside in inflation in the euro zone, some analysts have been pointing to the risk of a […]
