Veröffentlicht am Juni 1, 2020 von admin

JPMorgan have 4 drivers for stocks higher – plenty of room to rise from here 0 (0)

JPM on the US equity markets, a client note published late Friday
– Stocks have „plenty of room“ to rise further
– but there are short-term risks (elevated momentum positioning indicates ‚overbought‘ levels)
The four driving forces JPM highlight are:

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Veröffentlicht am Juni 1, 2020 von admin

Australia – CBA/Markit Manufacturing PMI for May (final) hits record low at 44 0 (0)

Terrible result, contrasting with the rise for the AiG PMI earlier:
CBA/Markit Manufacturing PMI for May comes in at 44.0:
– preliminary 42.8 (l for more on the flash read)

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Veröffentlicht am Juni 1, 2020 von admin

Chicago heads back into lockdown – to suspend bus, rail services until Monday morning 0 (0)

Riots across the US have seen curfews imposed in many cities.
Chicago is one of them with Sunday evening public transit services halted.
See here for global coronavirus case data

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Veröffentlicht am Juni 1, 2020 von admin

Australia AiG Manufacturing PMI for May: 41.6 (prior 35.8) 0 (0)

Australian Industry Group Performance of Manufacturing Index
Still deep in contraction but not as bad as it was in the prior month.
Of the sub measures, all higher except for:

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Veröffentlicht am Mai 31, 2020 von admin

China official PMIs for May: Manufacturing 50.6 (expected 51.1), Services 53.6 (expected 53.5) 0 (0)

Purchasing managers‘ index (PMI) data for May from China’s National Bureau of Statistics (NBS).
Manufacturing PMI 50.6
– expected 51.1, prior 50.8
– expected 53.5, prior 53.2

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Veröffentlicht am Mai 31, 2020 von admin

June major central bank overview 0 (0)

Central bank watch for June
The weekend is a perfect time for a quick catch up for where the major central banks are at. The central banks are listed below with their current state of play. The link for each central bank is included under the title of the bank and the next scheduled meeting is

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Veröffentlicht am Mai 31, 2020 von admin

The impact of a slowing US economy on the USD 0 (0)

Impact on the DXY
Looking to find out what drives the USD?
to learn more.
See here for global coronavirus case data

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Veröffentlicht am Mai 31, 2020 von admin

Broad indices squeeze higher as sanctions on China are less than feared 0 (0)

Dow has best performance in 7 weeks. Second straight week of gains for the major indices
The major US stocks and see some squeeze higher into the close as sanctions on China are less than feared. The NASDAQ led the way with a gain of 1.29%. The Dow ended lower as investors shifted back to the technology growth stocks.

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Veröffentlicht am Mai 31, 2020 von admin

ForexLive Americas FX news wrap: Trump goes easy on China 0 (0)

Forex news for North American trade on May 29, 2020:
Markets:
– Gold up $14 to $1732
– WTI crude oil up $1.28 to $35.00
– US 10-year yields down 4.3 bps to 0.65%
The main event of the day was China and Trump’s planned announcement to retaliate for the Hong Kong security law. That kept markets on edge and

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JPMorgan have 4 drivers for stocks higher – plenty of room to rise from here 0 (0)

Australia – CBA/Markit Manufacturing PMI for May (final) hits record low at 44 0 (0)

Chicago heads back into lockdown – to suspend bus, rail services until Monday morning 0 (0)

Australia AiG Manufacturing PMI for May: 41.6 (prior 35.8) 0 (0)

China official PMIs for May: Manufacturing 50.6 (expected 51.1), Services 53.6 (expected 53.5) 0 (0)

June major central bank overview 0 (0)

The impact of a slowing US economy on the USD 0 (0)

Broad indices squeeze higher as sanctions on China are less than feared 0 (0)

ForexLive Americas FX news wrap: Trump goes easy on China 0 (0)