Canadian Manufacturing Growth Slows Amid Looming U.S. Tariffs
In January 2024, Canada's manufacturing PMI dipped to 51.6, despite a rise in export orders due to preemptive client purchases anticipating U.S. tariffs. The U.S. imposed 25 percent tariffs, prompting Canada's retaliatory tariffs on $155 billion of U.S. goods, causing uncertainty in the Canadian man...
Canadian Manufacturing Growth Slows Amid Looming U.S. Tariffs
In January 2024, Canada's manufacturing PMI dipped to 51.6, despite a rise in export orders due to preemptive client purchases anticipating U.S. tariffs. The U.S. imposed 25 percent tariffs, prompting Canada's retaliatory tariffs on $155 billion of U.S. goods, causing uncertainty in the Canadian man...
Progress
32% Bias Score
Eurozone Sees Modest Growth in January 2025 Amidst Uneven Recovery
The Eurozone's private sector experienced modest growth in January 2025, with the HCOB PMI rising to 50.2, driven by stable services and an easing manufacturing downturn; however, growth remains uneven and tepid across the region, with Germany stabilizing and France contracting.
Eurozone Sees Modest Growth in January 2025 Amidst Uneven Recovery
The Eurozone's private sector experienced modest growth in January 2025, with the HCOB PMI rising to 50.2, driven by stable services and an easing manufacturing downturn; however, growth remains uneven and tepid across the region, with Germany stabilizing and France contracting.
Progress
32% Bias Score
Dollar Hits Two-Year High Amidst Global Economic Uncertainty
The US dollar index (DXY00) reached a two-year high on Tuesday, increasing by 0.29%, due to strong year-end demand, a weakening Chinese yuan, rising US Treasury yields, and stronger-than-expected US home price increases in October.
Dollar Hits Two-Year High Amidst Global Economic Uncertainty
The US dollar index (DXY00) reached a two-year high on Tuesday, increasing by 0.29%, due to strong year-end demand, a weakening Chinese yuan, rising US Treasury yields, and stronger-than-expected US home price increases in October.
Progress
36% Bias Score
Mixed Asian Equities Amidst Tariff Concerns and Weak Chinese Data
Asian equities were mixed on January 3rd, with India outperforming and Mainland China and Hong Kong underperforming due to weak investor sentiment over President Trump's inauguration and tariff concerns; the Caixin Manufacturing PMI missed expectations at 50.5, and the 10-year Chinese government bon...
Mixed Asian Equities Amidst Tariff Concerns and Weak Chinese Data
Asian equities were mixed on January 3rd, with India outperforming and Mainland China and Hong Kong underperforming due to weak investor sentiment over President Trump's inauguration and tariff concerns; the Caixin Manufacturing PMI missed expectations at 50.5, and the 10-year Chinese government bon...
Progress
40% Bias Score
Global Central Banks Set Interest Rates Amidst Mixed Economic Indicators
This week, major central banks will set interest rates, while PMIs for key economies show varied performances. The US Fed is expected to cut rates, whereas the BoJ might increase its rates, and the BoE will likely maintain its policy rate.
Global Central Banks Set Interest Rates Amidst Mixed Economic Indicators
This week, major central banks will set interest rates, while PMIs for key economies show varied performances. The US Fed is expected to cut rates, whereas the BoJ might increase its rates, and the BoE will likely maintain its policy rate.
Progress
44% Bias Score
China's Services Sector Expands for 23rd Straight Month Despite Some Slowdowns
China's services sector maintained expansion for a 23rd consecutive month in November, with the Caixin PMI at 51.5, driven by government policies and despite challenges like weak demand recovery and rising input costs; the sector's contribution to GDP has consistently exceeded 50% for the past decad...
China's Services Sector Expands for 23rd Straight Month Despite Some Slowdowns
China's services sector maintained expansion for a 23rd consecutive month in November, with the Caixin PMI at 51.5, driven by government policies and despite challenges like weak demand recovery and rising input costs; the sector's contribution to GDP has consistently exceeded 50% for the past decad...
Progress
44% Bias Score
Eurozone Private Sector Rebounds in January, But Uncertainties Remain
The Eurozone's private sector unexpectedly rebounded in January, with the S&P Global PMI rising to a five-month high of 50.2, driven by the service sector while manufacturing remained weak. This positive data led to the Euro strengthening against the dollar and reduced bets on ECB interest rate cuts...
Eurozone Private Sector Rebounds in January, But Uncertainties Remain
The Eurozone's private sector unexpectedly rebounded in January, with the S&P Global PMI rising to a five-month high of 50.2, driven by the service sector while manufacturing remained weak. This positive data led to the Euro strengthening against the dollar and reduced bets on ECB interest rate cuts...
Progress
40% Bias Score
China PMI Fall Triggers Asian Market Dip
Asian markets traded mixed Thursday; China's December Caixin PMI fell to 50.5, below expectations, causing the CSI 300 to drop 2.91%; Hong Kong's Hang Seng Index lost 2.37%; South Korea's Kospi edged lower while Kosdaq rose; the fall reflects weakening global demand and economic uncertainties.
China PMI Fall Triggers Asian Market Dip
Asian markets traded mixed Thursday; China's December Caixin PMI fell to 50.5, below expectations, causing the CSI 300 to drop 2.91%; Hong Kong's Hang Seng Index lost 2.37%; South Korea's Kospi edged lower while Kosdaq rose; the fall reflects weakening global demand and economic uncertainties.
Progress
24% Bias Score
Canadian Manufacturing Booms on US Stockpiling Ahead of Potential Tariffs
Canada's manufacturing activity surged to a near two-year high in December 2023, reaching 52.2 on the S&P Global PMI, driven by US clients' inventory build-up ahead of potential tariffs; however, supply chain issues and currency fluctuations persist.
Canadian Manufacturing Booms on US Stockpiling Ahead of Potential Tariffs
Canada's manufacturing activity surged to a near two-year high in December 2023, reaching 52.2 on the S&P Global PMI, driven by US clients' inventory build-up ahead of potential tariffs; however, supply chain issues and currency fluctuations persist.
Progress
36% Bias Score
China's Manufacturing Growth Stalls Despite Stimulus, Trade Risks Loom
China's official December PMI edged up to 50.1, indicating slight manufacturing growth but below forecasts, while services and construction sectors recovered; however, negative export orders and employment persist amid concerns over US tariffs and the property crisis.
China's Manufacturing Growth Stalls Despite Stimulus, Trade Risks Loom
China's official December PMI edged up to 50.1, indicating slight manufacturing growth but below forecasts, while services and construction sectors recovered; however, negative export orders and employment persist amid concerns over US tariffs and the property crisis.
Progress
44% Bias Score
China's Services Sector Expands for 23rd Straight Month
China's services sector maintained expansion for a 23rd consecutive month in November, with the Caixin PMI at 51.5, exceeding the 50-mark threshold, driven by government policies and despite some sector-specific declines.
China's Services Sector Expands for 23rd Straight Month
China's services sector maintained expansion for a 23rd consecutive month in November, with the Caixin PMI at 51.5, exceeding the 50-mark threshold, driven by government policies and despite some sector-specific declines.
Progress
32% Bias Score
Nigeria's PMI Remains Below 50.0 Amidst Rising Inflation
Nigeria's November PMI registered 49.6, signaling a fifth consecutive month of decline in private sector business conditions, despite a slight increase from October's 46.9, primarily due to rising inflation and unemployment suppressing business activity.
Nigeria's PMI Remains Below 50.0 Amidst Rising Inflation
Nigeria's November PMI registered 49.6, signaling a fifth consecutive month of decline in private sector business conditions, despite a slight increase from October's 46.9, primarily due to rising inflation and unemployment suppressing business activity.
Progress
40% Bias Score