Recap

~ globalmacrotrading

Commentary:

None

Notable:

  • China Markit Flash PMI declined to 48.1 vs 48.7 exp and 48.5 prev
  • EU PMI :
  1. EU Mfg PMI declined to 53 as exp vs 53.2 prev.
  2. EU Svcs PMI declined to 52.4 vs 52.6 exp and prev.
  3. In both cases Germany was weaker and France was stronger than expectations and previously

US Markit Prelim PMI declined to 55.5 vs 56.5 exp and 57.1 prev.

Upcoming Data:

  • Tue: German IFO, UKCPI, US Consumer Confidence, New Home Sales,
  • Wed: Germany GfK Consumer Confidence, Italy Consumer Confidence, US Durable Goods Orders, Markit US Services PMI, NZ Trade Balance
  • Thu: Italy Business Confidence, EU Money Supply, UK Retail Sales, US Jobless Claims, Pending Home Sales, Japan Unemployment, CPI, Retail Sales, UK Consumer Confidence
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Published by globalmacrotrading

I am a G20 Global Macro Portfolio Manager in NYC. My background includes stints at a major investment bank, a commodities market maker, and one of the world's largest global macro hedge funds.