service sector PMI reports
Economic Concerns Regarding China Weigh on Global Markets
July 5, 2023
China’s composite and service sector purchasing managers indices (five month lows of 52.5 and 53.4 in June) drew the most attention from today’s slew of PMI releases. Investors are also eagerly awaiting minutes from last month’s FOMC meeting in hopes of getting greater clarification on the likelihood of a rate hike resumption at the next […] More
Less Concern about Italy than Felt Yesterday
October 3, 2018
After Italy’s government had worried markets earlier by submitting a budget with a deficit of 2.4% of GDP, informed sources said that deficits would shrink after next year and settle back to 2.0% of GDP in 2021. A relief rally saw the 10-year sovereign Italian debt yield shed 13 basis points and Italy’s share prices […] More
