Singapore PMI likely contracted for a fifth consecutive month
Singapore will release the April PMI on 4 May. The headline reading is expected to have eased to 49.5 from 49.6 in March and to have remained below the neutral 50 mark for a fifth consecutive month. The electronics index…
Singapore will release the April PMI on 4 May. The headline reading is expected to have eased to 49.5 from 49.6 in March and to have remained below the neutral 50 mark for a fifth consecutive month.
The electronics index also likely fell to 49.9 from 50.1 in March. Business sentiment towards new export orders and production is expected to have been adversely affected by the economic slowdown in China and headwinds in the US.
The negative PMI reading likely implies further downside risks for industrial production, which contracted 2.7% y/y in Q1 and 1.2% in Q4-2014.
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…
