The Markit Germany Manufacturing PMI stood at 58.2 in April 2017 compared to 58.3 in March. That meets the preliminary estimate of 58.2.
The April 2017 manufacturing PMI report indicates a softening environment in US businesses. It was 52.8 in April compared to 53.3 in March.
Economic indicators are important because they shed light on a country’s economic health and help us identify economic trends and changes in market sentiment.
Gold prices are weaker in the early hours amid improved global sentiment, while silver is stable. Platinum is stable, while palladium struggles to rise.
After falling for two consecutive trading days, the United Kingdom’s FTSE 100 index regained strength and is stable in the early hours.
After losing strength and falling for two consecutive trading days, China’s Shanghai Composite Index is stable on Friday.
After gaining some strength on Thursday, the US Dollar Index resumed its downfall on May 19. The US Dollar Index is weaker in the early hours.
The S&P 500 fell to three-week low price levels amid concerns about the Trump Administration’s ability to successfully implement promised policies.
Stronger-than-expected policy support and a recovery in oil prices are expected to support China’s economic activity in 2017.
Increasing credit in China is resulting in the real estate bubble. China’s real estate bubble is a threat to economic growth in emerging markets.
Any slowdown in China’s economic growth is expected to impact developed (SPY) (EWU) (HEDJ) and emerging economies (FXI) (EEM).
China’s (FXI) economic activity slowed down more than expected in April 2017 due to fading factory demand. Markets expected a gradual slowdown.
As part of Obamacare, a medical device tax of 2.3% has been implemented on medical device companies in the United States.
President Donald Trump’s proposed policies were expected to boost US economic growth and revive the country’s employment outlook. However, investors are starting to grow wary.
After pulling back on Wednesday and breaking the nine-day gaining streak, the United Kingdom’s FTSE 100 index opened lower on May 18.
After pulling back on Wednesday and breaking the four-day gaining streak, China’s Shanghai Composite Index opened lower on May 18.
US bond markets are trading on the expectation of an interest rate hike by the US Federal Reserve in June 2017. Last week, bond yields extended their slides.
The US Dollar Index (UUP) reached a high of 99.8 on May 11, 2017, but it failed to move above the 100.00 level it last saw on April 17.
The Commitment of Traders (or COT) report is categorized into four categories: producers or users, swap dealers, managed money, and other reportable.
The relief rally that occurred after France’s election results were declared on May 7, 2017, failed to push US markets (SPY) higher.