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Euro slides on soft PMIs - MarketPulse
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Euro rebounds after sharp losses, NFP next - MarketPulse
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Euro dips despite strong mfg. data - MarketPulse
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Upbeat PMIs help stabilize euro - MarketPulse
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Asia pauses for thought
March 2, 2021SharePrint
Asian markets appear to be taking a breather this morning, having led the global equity recovery yesterday. US markets found their mojo again overnight, with a day of calm on bond markets greenlighting equities to leap higher on the vaccine recovery optimism that characterised the Asian session earlier in the day.
US and Eurozone Manufacturing PMIs accelerate
US ISM Manufacturing PMI powered higher overnight, as did the Eurozone PMI’s, despite Asia delivering a Lunar New Year-affected mixed result. Fed Governor Barkin speaking yesterday, said that he wasn’t concerned by an increase in Treasury yields, with his attention much more focused on the slack in the labour market. It will be interesting to see if other Fed speakers this week convey a similar message.