China official manufacturing PMI up at 50.1 in March
In emerging markets, the renewed hopes of PBoC easing is fuelling a rally in the Chinese stocks. The Shanghai composite index is already up 17.5% YTD and data earlier today showing that the official manufacturing PMI hea…
In emerging markets, the renewed hopes of PBoC easing is fuelling a rally in the Chinese stocks. The Shanghai composite index is already up 17.5% YTD and data earlier today showing that the official manufacturing PMI headed back to the expansion zone of above 50.0 in March (50.1 vs previous 49.2) also boosted investor optimism.
Accodring to Societe Generale USD/CNY may well close below 6.20 today on supportive flows. Elsewhere, USD/COP is once again on the verge of breaking above the 2600 mark and the March MPC meeting minutes today is unlikely to bring any respite.
USD/BRL meanwhile closed below 3.20 after Brazilian President Dilma Rousseff calmed investor nerves by saying that the government will do whatever it takes to meet its fiscal target this year.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
