A look at the day ahead in European and global markets from Tom
Westbrook Purchasing Managers Index figures begin a data and corporate
results heavy week. .
Morning Bid: Eyes on PMIs for Rebound Signs usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Data showing British
businesses recorded their fastest growth in activity in nearly a
year helped the pound steady against the dollar on Tuesday,
after touching its lowest in five months the day. -April 23, 2024 at 06:21 am EDT
- MarketScreener
Purchasing Managers Index figures begin a data and corporate results heavy week. Consensus expectations, however, are for Europe's manufacturing PMI to stay firmly in contractionary territory at 46.6, which could add pressure on the euro. Japan's factory activity contracted in April, though the pace of decline was very modest and at 49.9 the manufacturing PMI was its closest to the break-even point of 50 since slipping into contraction in June.
Pound Sterling extends downside on firm BoE rate cut prospects fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.