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In October, Japanese manufacturing activity kept expanding, but at a slower pace than last month. It’s because output as well as new orders surge headed south in a sign that final demand is actually moderating, as a preliminary gauge of activity revealed on Tuesday.
As a matter of fact, in October, the Markit/Nikkei Japan Manufacturing flash Purchasing Managers Index edged down to a seasonally adjusted 52.5 from September’s reading of 52.9.
For the 14th consecutive month the index was still above the 50 threshold, separating expansion from contraction.
Although still improving firmly, in October, the Japanese manufacturing sector happened to lose some momentum because surge dipped from September's four-month maximum.
Both new orders and output demonstrated softer expansion in Japan.
The output component of the PMI index inched down to preliminary a 52.6 from September’s 53.2.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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