Category Finance

Eurostoxx +0.1%Germany DAX +0.2%France CAC 40 -0.1%UK FTSE flatSpain IBEX +0.2%Italy FTSE MIB -0.1% This comes as US futures have also pared its earlier gains, keeping flattish now. USD/JPY has also turned flat as it retreats back to just under 144.00 on the day. The high earlier in…

Prior 55.0Manufacturing PMI 44.0 vs 44.3 expectedPrior 43.9Composite PMI 47.4 vs 50.6 expectedPrior 53.1 Ouch. The jump in August was largely expected to be a one-off amid the boost in demand from the Paris Olympics. But it has faded off rather quickly with little to no spillover impact…

Monday is a bank holiday in Japan in observance of Autumnal Equinox Day. Later in the day we’ll see the release of flash manufacturing and services PMI data for the eurozone, the U.K. and the U.S. On Tuesday, the focus will shift to the Reserve Bank of Australia’s…

Manufacturing PMI 40.3 vs 42.4 expected and 42.4 prior.Services PMI 50.6 vs 51.0 expected and 51.2 prior.Composite PMI 47.2 vs 48.2 expected and 48.4 prior. Key findings: HCOB Flash Germany Composite PMI Output Index(1) at 47.2 (Aug: 48.4). 7-month low. HCOB Flash Germany Services PMI Business Activity Index(2)…

France September flash services PMI 48.3 vs 52.5 expectedGermany September flash manufacturing PMI 40.3 vs 42.4 expected For some context, these odds have moved up quite a fair bit in the last two days from ~35% right after the Fed decision last week. Things are certainly heating up…

Rate cuts by year-end Fed: 75 bps (51% probability of 50 bps rate cut at the upcoming meeting) 2025: 197 bps ECB: 46 bps (70% probability of rate cut at the upcoming meeting) 2025: 165 bps BoE: 40 bps (75% probability of rate cut at the upcoming meeting)…

Domestic sight deposits CHF 457.2 bn vs CHF 458.2 bn prior This article was written by Justin Low at www.forexlive.com.

Prior 52.9Manufacturing PMI 44.8 vs 45.6 expectedPrior 45.8Composite PMI 48.9 vs 50.5 expectedPrior 51.0 The euro is meeting fresh lows for the day as this just confirms that Eurozone business activity contracted towards the end of Q3. The one-off boost in France in August has much to do…

Fundamental Overview Last Friday, the JPY weakened across the board following the BoJ policy decision as Governor Ueda made a surprisingly dovish turn by saying that “there is some time to make a decision on monetary policy because upside price risks have decreased given the recent FX moves”.…

German DAX futures +0.3%UK FTSE futures +0.2% This comes with US futures also sitting just a touch higher on the day, with S&P 500 futures up 0.2%. For European indices, this is a mild bounce after the fall on Friday. The drop then put quite a bit of…