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In July, surge in Japan's manufacturing activity decreased for the second straight month, as a preliminary private poll demonstrated on Monday. It was provoked by stagnating export demand.
In July, the Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index slumped to 52.2 on a seasonally adjusted basis from June’s outcome of 52.4.
The outcome was an eight-month minimum, though it stood above the 50 threshold separating contraction from expansion for the 11th consecutive month.
The given slowdown was powered by stagnation in export orders, while reports of weaker demand from South East Asia contributed too. That’s what Paul Smith told - senior economist at IHS Markit. He added that nevertheless, the sector keeps generating jobs, with employment surge remaining amongst the best since the financial downtime.
In June, the preliminary index for fresh export orders edged down to 50.0 from 53.4. As for June’s output component, it sank to 51.4 from 52.2.
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
Theresa May will present the Brexit deal to the Parliament on Tuesday. This event will probably shake the British pound. What are the other market movers for this week? Read and find out!
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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