2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Japan manufacturers' mood is firm
In December, confidence among Japanese manufacturers was steady, while service-sector sentiment rallied for a second straight month. That’s what the Reuters Tankan survey unveiled on Thursday. It definitely underscored steady economic surge powered by both domestic and external demand.
The monthly survey, tracking the BOJ’s closely-watched tankan quarterly poll, found that manufacturers' mood grew moderately from three months ago, while service-sector morale remained sturdy enough, indicating a sound reading in the approaching BOJ tankan.
Sturdy tankan outcomes should be quite encouraging for Japan’s key bank, which will scrutinize the poll readings, due December 15, during its policy gathering later this month. Market participants are expecting Japan’s major financial institution to maintain its current easing stance.
As for the sentiment index for manufacturers, it kept to 27, being intact from November having reached a decade-maximum of 31 in October.
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.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
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.
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.