2016–08–01 Market Watch: China, Europe, and USA Manufacturing PMI
1:00AM and 1:45AM GMT: The NBS (National Bureau of Statistics of China) and Markit Economics will, respectively at 1:00AM and 1:45AM, report on Manufacturing PMI (Purchasing Manager Index). Both figures are reported on a monthly basis, and today data’s will be that of July 2016. This statistic is an index that measure the performance of the manufacturing sector, with a number above 50 indicating expansion, and below 50 a contraction. The Markit Economics’ figure is derived from private companies while the NBS’ figure come from larger-state owned companies. The market expects the NBS number to stay constant at June’s figure of 50, and it expects the Markit number to slightly increase to 48.7 from 48.6 in June. If these figures exceeds expectation, CNY should appreciate.
7:15AM to 8:00AM GMT: Markit Economics will also report on Manufacturing PMI for Spain (3:15AM) Italy (3:45AM), France (3:50AM), Germany (3:55AM), and Eurozone as a whole (4:00AM). These figures are reported on a monthly basis, and today data’s will be that of July 2016. The market expects Spain’s and France’s figure to increase, but Italy’s and Germany’s figure to decrease. For the Eurozone as a whole, the market expects a decrease to 51.9 from last month’s 52.8. If these figures exceeds expectation, EUR should appreciate.
8:30AM GMT: Markit Economics will also report on Britain’s Manufacturing PMI. The market expects a decrease to 49.1 from last month’s figure of 52.1. If this figure exceeds expectation, GBP should appreciate.
1:45PM and 2:00PM GMT: Markit Economics and ISM (Institute of Supply Management) will, respectively at 1:45PM and 2:00PM, report on USA Manufacturing PMI. Both figures are reported on a monthly basis, and today data’s will be that of July 2016. The Markit Economics’ figure is derived from private companies while the ISM’s figure also include the public sector. The market expects the Markit figure to increase to 52.9 from 51.3, and the ISM number to fall to 53 from 53.2. Note that both figures indicate an expanding economy. If these figures exceeds expectation, USD should appreciate.
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