Tag Archives: PMI

UK Stocks Rebound as NEXT Plc Achieves All-Time High On January 4th, the FTSE 100 made a strong comeback, rebounding by 0.5% to surpass 7720 after facing two consecutive sessions of losses. (FTSE100，1-Year Chart)  Notably, energy shares, including BP, increased by 0.5% after terminating their agreement with Equinor for supplying power to New York state […]

Gloomy Economic Data The recent decline in US stocks on January 3rd, driven by uncertainties surrounding potential interest rate cuts, has left investors seeking clarity. The minutes from the latest Federal Open Market Committee (FOMC) meeting failed to provide a clear timeline for rate adjustments, contributing to a 0.8% drop in the S&P 500 and […]

Germany Composite PMI: A Positive Turn Amidst Contraction The HCOB Germany Composite PMI for November 2023 surpassed initial estimates, reaching 47.8, up from the preliminary 47.1 and the October reading of 45.9. While the index indicates an ongoing contraction, it’s noteworthy that the pace of decline was the slowest in four months. Notably, signs of […]

ISM Manufacturing PMI Falls Short of Expectations In November 2023, the Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) maintained its position at 46.7, mirroring the October reading and falling short of economists’ expectations set at 47.6. This steady figure underscores the persistent challenges faced by the manufacturing sector, signaling ongoing contractionary pressures. […]

Comprehensive GBP/USD Analysis for December 1, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 1st December 2023.  GBP/USD Key Takeaways GBP/USD Technical Analysis  GBP/USD Daily Chart Insights GBP/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Unraveling the Dynamics: Bank of Japan’s Response to Accelerating Inflation In November 2023, Japan witnessed an unexpected surge in inflation, sending ripples through its economic landscape. For the first time in four months, the core consumer price index—which does not include the cost of fresh food—rose 2.9% over the prior year. Concurrently, the headline inflation […]

Comprehensive XAU/USD for November 21, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAU/USD for 21st November 2023.  Key Takeaways  XAU/USD Technical Analysis  XAU/USD Daily Chart Insights XAU/USD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Singapore’s Manufacturing Sector: A Resilient Recovery and Soaring Confidence In the ever-evolving landscape of Singapore’s manufacturing sector, the latest data paints a promising picture of recovery and growth. The Purchasing Managers’ Index (PMI) for October 2023 inched up slightly to 50.2, marking the second consecutive month above the pivotal 50-point threshold. This upward trend signals […]

Reviving Australian Manufacturing: A Roadmap for Success In recent times, Australia’s manufacturing sector has faced a challenging landscape. The Manufacturing PMI hit its lowest level in six months, declining to 48 in October 2023 from 48.7 in the previous month. This marks the eighth consecutive monthly decline in business conditions, a cause for concern. Understanding […]

US Manufacturing PMI Shows Improvement, but Stagnant Inflation Remains a Concern The ISM manufacturing purchasing managers’ index rose to 49 in September from 47.6 last month, well above market expectations of 47.8, reflecting the slowest contraction in the U.S. manufacturing industry in ten months. Even as the economic slowdown improved, data still showed U.S. factory […]