How Will US PMIs Affect the USD?
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
Honda experiences long haul just to recoup jet costs
After up to three decades building an airplane from scratch, chief engineer of the Hondajet, Michimasa Fujino might have to reach a ripe old age to see Honda Motor Co's aviation project offset its development costs.
Honda has refused to disclose the costs, though the carmaker has been researching aircraft development since 1986. Additionally, vice president of analysis at aerospace consulting company Teal Group, states that it has probably spent approximately $1 billion on the jet program since the early 2000s, which is more than double the $400 million typical for such jets.
A five-year delivery delay as well as developing its own engine backed the bill.
The company, which gave the world the Honda Civic that revolutionized compact vehicles in America in the 1970s, is actually betting its six-seater light $4.5 million dollar business jet, the first aircraft designed by an automaker since World War Two, is going to expand the fuel-efficient private jet market.
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Will GBP Plunge on Monetary Policy Summary?
The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
Will the Fed Surprise Investors?
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
Latest news
ISM PMI Indicates Contraction
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
US PCE May Soar Soon
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
Bank of England Tries to Save the Pound
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
