The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
British manufacturing PMI ascends more than expected in July
In July, manufacturing activity in Great Britain rallied more than expected, driving upbeat mood over the UK economy at the beginning of the third quarter, as industry data revealed on Tuesday.
Market research group IHS Markit told that the previous month UK manufacturing PMI tacked on to a seasonally adjusted 55.1 versus June’s reading of 54.2.
Market experts had expected the PMI to ascend 54.4.
On the index, an outcome above 50.0 hints at industry expansion, but if it’s below, it stands for contraction.
Markit stressed that solid fresh order intakes were powered by sturdy export performance, and job creation appeared to be among the best recorded for the last three years.
The headline PMI indicated a surge acceleration for the first time for three months in because fresh order intakes were driven by a near survey-record leap in new export business.
Meanwhile, EU stock markets grew. In London, FTSE 100 rallied 0.70%, France's CAC 40 soared 0.55%, Germany's DAX surged 0.41% and the Euro Stoxx 50 acquired 0.40%.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
PMI reports from the EU, the UK, and the USA will be released during the day!
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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