5 important things this week will bring us!
Find out the most important events for this week
British manufacturing PMI dips to 55.9 in September
In September, the British manufacturing sector kept expanding at a solid clip, although at a slower tempo, as industry data disclosed on Monday.
According to market research group Markit, its British manufacturing PMI edged down to a seasonally adjusted 55.9 the previous month versus August’s outcome of 56.9. Financial experts had hoped the index would slump to 56.4 in September.
On the index, an outcome above 50.0 stands for industry expansion, while the reading below points to contraction.
Output as well as fresh orders both rallied at above long-run average rates. Evidently, the latest poll indicated that cost inflationary pressures jumped. It reflected a combination of soaring commodity prices, the exchange rate, not to mention increased supply-chain pressures.
The currency pair GBP/USD reached 1.3311 versus 1.3318 ahead of the publication of the data. Meanwhile, EUR/GBP traded 0.8820 versus 0.8825 earlier.
Similar
German economy dodges recession
In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
British annual inflation reaches two-year minimum of 1.8%
In January, the annual rate of inflation in Great Britain went down to 1…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
