How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
China December factory surge slows moderately notwithstanding smog war
In December, surge in China's sprawling manufacturing sector slowed a bit notwithstanding strict pollution measures, which have made some factories curb output, and also a cooling housing market, as a Reuters survey disclosed.
On Sunday, the official manufacturing Purchasing Managers' Index is believed to sag marginally to 51.6 for December from November’s suddenly firm outcome of 51.8, as a median estimate of 30 experts surveyed by Reuters revealed.
While the reading is considered to be soft enough, it would still suggest that the 18th straight month of expansion for the Asian country’s manufacturers, reporting their strongest revenues in years due to a building boom as well as resurgent export demand. As a matter of fact, the 50-mark divides contraction from expansion on a monthly basis.
The private Caixin PMI is going to be unveiled on January 2, while the Caixin services PMI will be published on January 4.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.