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Eurozone flash Manufacturing PMI rises unexpectedly faster-than-estimates to 52.8 in August
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands surprisingly at a faster pace to 52.8 in August from 51.9 in July. Manufacturing activity was anticipated to expand at a moderate pace to 51.8.
Turkey Foreign Arrivals: -0.3% (July) vs -4.02%
Turkey Foreign Arrivals: -0.3% (July) vs -4.02%
Eurozone HCOB Manufacturing PMI above expectations (51.8) in August: Actual (52.8)
Eurozone HCOB Manufacturing PMI above expectations (51.8) in August: Actual (52.8)
Eurozone HCOB Services PMI came in at 51.7, above expectations (51.5) in August
Eurozone HCOB Services PMI came in at 51.7, above expectations (51.5) in August
Eurozone HCOB Composite PMI above forecasts (51.7) in August: Actual (52.1)
Eurozone HCOB Composite PMI above forecasts (51.7) in August: Actual (52.1)
Swiss Franc: Funding role grows as volatility stays low – ING
Chris Turner at ING explains that USD/CHF’s sharp drop after the US Treasury buy-back announcement was mainly position adjustment after a hawkish Fed narrative had favoured longs.
Euro remains weaker against Canadian Dollar following German PMI data
EUR/CAD extends its losses for the second successive day, trading around 1.6100 during the European hours on Friday. The currency cross depreciates as the Euro (EUR) holds losses following the release of HCOB Purchasing Managers’ Index (PMI) data from Germany.
Japanese Yen: September BoJ risk builds – Commerzbank
Volkmar Baur at Commerzbank argues that July inflation and strong Purchasing Managers' Index (PMI) data in Japan suggest price dynamics would not block a Bank of Japan (BoJ) rate hike.
Germany’s flash Manufacturing PMI unexpectedly rises faster to 54.1 vs. 52.0 estimates
German flash HCOB Composite PMI rises moderately to 51.0 in August as the services sector activity contracts again. The Composite PMI was expected to remain steady at 51.3.
British Pound: Upward momentum targets 1.3700 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports GBP/USD at 1.3640 remains supported after breaking key resistance levels, with intraday gains likely capped between 1.3605 and 1.3670.
Germany HCOB Composite PMI below forecasts (51.3) in August: Actual (51)
Germany HCOB Composite PMI below forecasts (51.3) in August: Actual (51)
Germany HCOB Manufacturing PMI came in at 54.1, above expectations (52) in August
Germany HCOB Manufacturing PMI came in at 54.1, above expectations (52) in August
Germany HCOB Services PMI below expectations (50.1) in August: Actual (48.5)
Germany HCOB Services PMI below expectations (50.1) in August: Actual (48.5)