#TheWeekin60Seconds with @Lukman_FXTM ; • How will markets react to Joe Biden's inauguration? • ECB Meeting & PMI's in focus • DXY: Another dead cat bounce? 👇 Market News; $USD #InaugurationDay #FXTMgivesyoumore
The $VIX ticked higher during trading today as stocks slip headed into next week's event risk underpinned by China GDP, the inauguration, and global PMI data.
PMI' alt='IHSMarkitPMI' /'>@IHSMarkitPMI UK #manufacturing data are not updated until Friday, but should also show a good expansion (according to the PMI). However, October's level was still 6.6% below the Feb peak, suggesting the UK is lagging the eurozone in terms of recovery (eurozone was 3.8% below Feb peak in Oct)
The US economic recovery from the Spring lows is the envy of the world, see our soaring ServicesPMI data vs peer countries. The Trump Boom 2.0 would be squashed by the agenda of Joe Biden: stifling regulations, mammoth tax hikes, & a retreat to submission to China. #ChalkTalk
JUST IN: India's manufacturing PMI for October comes in at 58.9, the strongest in over a decade
Breaking News US Services PMI rose to 57.7 *Steepest expansion in output since Mar 2015 *Fastest increase in new orders since Sept 2018 *Strongest job growth since data collection began Oct 2009 *Business optimism strongest since May 2014 That's a "V"
JUST IN: India's manufacturing PMI surges to 59.8 in September, the highest in over eight years.
China manufacturing PMI 35.7 in February That's a record low - in the 2008 financial crisis it was 38.8