Today's calendar is exceptionally light with only a handful of second tier surveys due. In UK, the CBI Industrial Trends survey for April (1000 GMT) will provide an update on sentiment in the manufacturing sector going i…
Today's calendar is exceptionally light with only a handful of second tier surveys due. In UK, the CBI Industrial Trends survey for April (1000 GMT) will provide an update on sentiment in the manufacturing sector going into Q2. Coinciding with the firming in the manufacturing PMI over the first quarter, the CBI survey has also pointed to some stabilization in activity and today's outturn will provide an opportunity to refine estimates ahead of the more closely followed manufacturing PMI on Friday, says Lloyds Bank.
In the US, the 'Markit' services PMI for April (1345 GMT) will give some early insight into the outlook for the largest area of the economy. While there has been some disconnect between the PMI and the ISM over the past couple of months, both surveys have broadly pointed to the likelihood of firmer activity over the coming months. Today's release should provide a base for expectations for Q2, following some signs of a temporary slowdown in activity in Q1, according to Lloyds Bank.
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…
