ForexJohn
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Federal Reserve ease concerns for now, with eyes turning to Friday’s jobs report
FTSE 100 continues to outperform. Federal Reserve ease concerns for now, with eyes turning to Friday’s jobs report. OECD estimates highlight concerning UK growth outlook. The FTSE 100 once again rules the roost in Europe, with mainland European markets returning to action with a largely downbeat ton
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US ISM Manufacturing PMI drops to 49.2 in April vs 50.0 expected
ISM Manufacturing PMI fell into contraction territory in April. US Dollar Index fluctuates in its daily range above 106.00. The business activity in the US manufacturing sector contracted in April, with the ISM Manufacturing PMI dropping to 49.2 from 50.3 in March. This reading came in below the mar
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Japan Manufacturing PMI Climbs To 49.6 In April - Jibun
The manufacturing sector in Japan continued to contract in April, albeit at a slower pace, the latest survey from Jibun Bank revealed on Wednesday with a manufacturing PMI score of 49.6. That's up from 48.2 in March, although it remains beneath the boom-or-bust line of 50 that separates expansion fr
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Eurozone Inflation Steady At 2.4%
Eurozone consumer prices registered a steady growth in April, flash estimates published by Eurostat showed on Tuesday. The harmonized index of consumer prices grew 2.4 percent on a yearly basis, the same rate as seen in March and matched economists' expectations. Core inflation that excludes prices
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IMF: China growth expected to slow to 5.2% in 2023, 4.6% in 2024, 4.1% in 2025
The International Monetary Fund (IMF) said in its latest report published on Tuesday that China’s economic growth is expected to slow in 2023 and the next two years. Key quotes Asia Pacific heading for 'soft landing' with rapid disinflation, resilient growth. Asia Pacific 2024 growth seen slowing to
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How long risk-on?
S&P 500 rejected premarket downswing attempts, and held up pretty well following core PCE data in line with expectations. The interest rate sensitive Russell 2000 was nicely showing the way, and broadening sectoral leadership (with a few flies in the ointment such as XLF retreat) provided enough
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Pull-up Update