Japan’s manufacturing PMI

Japan’s manufacturing PMI (purchasing managers’ index) stood at 52.6 in March 2017 compared to 53.3 in February. It is below the preliminary market estimation of 53.5.

From March–August 2016, the manufacturing PMI showed a huge contraction. A level above 50 indicates an expansion in manufacturing activity, while a level below 50 indicates contraction in manufacturing activity.

Japan’s Manufacturing PMI Is Weakening: What It Means for the Economy

The March manufacturing PMI was mainly due to the weaker improvement in production output. New orders and export orders also rose at a weaker pace during the month. Overall domestic demand and overseas (VTI) (VEU) (ACWI) demand showed a weaker improvement in March 2017.

The economy showed a modest recovery and GDP growth in 2016. Japan’s (EWJ) (DXJ) consumer spending is improving gradually and rose to 3.8% in 4Q16. However, in March, business confidence weakened.

Job growth remained strong in March. Input costs continued rising and output costs declined slightly. The improvement in consumer confidence and consumer spending indicated that the economy is moving at a decent rate in March 2017.

In the next part of this series, we’ll analyze the performance of the Eurozone consumer confidence in March 2017.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.59.107