0 Jon Steeler Posted April 1, 2019 Author Share Posted April 1, 2019 Quote Link to comment Share on other sites More sharing options...
0 Djamel Brahimi Posted April 1, 2019 Share Posted April 1, 2019 We have a new week with more news from around the globe in the markets. Firstly starting off we have China, while we haven't had too much news in the way of trade talk updates and if they are any closer to a deal being struck we have seen some data from China over the weekend with renewed hope for optimism. The Caixin manufacturing PMI came out at above expectations, 50.8. This was above the 49.8 expected. This should bring some renewed hope to the markets that a revival is possible. If China’s economy strengthens it will certainly give a push to global economies. On the other hand we have had European data released this morning that didn’t make too good reading. Manufacturing PMI came in just a little lower then expected at 47.5, 0.1 below the forecasted 47.6. Overall I believe that this week we will have a risk on scenario with a lot of risk on currencies at lows it will give investors a reason to buy alongside with the pick up in Chinese data over the weekend but I don’t expect to see this optimism last for too much longer. Quote Link to comment Share on other sites More sharing options...
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