ONLINE FOREX BROKER
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%.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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