Markets Embrace for US Data & Powell's Speech tomorrow

Daily Updates - 03rd December 2019

Yesterday’s focus

• UK & EUR Markit Manufacturing PMI

Yesterday’s explained

EUR Zone released their Markit manufacturing PMI Figures which indicated mixed results on their Business Conditions & overall economic conditions in the Euro Zone.

Followed by UK Markit manufacturing figures were released as the manufacturing sector dominates a large part of total GDP, the Manufacturing PMI indicated a stronger business conditions and the overall economic condition in UK was improving gradually.

Today’s Focus

• USD ISM Manufacturing PMI & Initial Jobless Claims

Today’s explained

Manufacturing Index shows business conditions in the US manufacturing sector. It is a significant indicator of the overall economic condition in US

Initial Jobless Claims it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy