According to the official authorities of many countries, global markets will focus on PMI data today. When we look at the general outlook of global markets, we could observe calm market conditions and the holiday in the US, so, the markets made a quiet start to the week. However, today's agenda is intense and can be expected to increase in activity on the market. The data released at night shows that manufacturing activity in Japan has gained momentum in February.The Leading Purchasing Managers' Index increased by more than 3 points.
On the other hand, if we look at the USA and Europe market, the PMI data will play an important role of the calendar of this week. In Germany, February manufacturing PMI data is expected to decline by 56 points, while the service sector is expected to post a slight improvement of 53.6 points. In general, the market expectation in the Euro area is parallel to that of the previous month. The impact on the market of the data that will be announced today in Europe may be limited. We can say the PMI data of the USA may play a leading role while determining the general financial outlook of today. In England, the most important development of the day will be the speech of the Bank of England President Mark Carney in parliament.
- Date: 21 February 2017 Tue 07:21
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