Every week we expect many interesting events that can shake the market.
Japan September services PMI demonstrates the slowest surge for 11 months
In September, Japan's services sector expanded at the slowest rate for 11 months because the tempo of new orders relieved, although a raft of other data states that the Japanese economic revival remains intact even as momentum might have ebbed moderately in the third quarter.
Released on Wednesday, the Markit/Nikkei survey disclosed that its Japan Services Purchasing Managers Index inched down to a seasonally adjusted 51.0 versus August’s reading of 51.6.
In one upbeat sign, the index for business sentiment tacked on to 53.3 versus 52.4 in the previous month, hinting that companies are assured that the lull in activity happens to be temporary.
Softer surge in new work contracted activity to its slowest growth rate for almost a year. Meanwhile, job creating was still moderate.
The composite PMI, including both services and manufacturing, dived to 51.7 in September versus August’s outcome of 51.9.
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)…
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
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.