According to the financial experts, global markets started to focus on PMI in the world. PMI manufacturing and non-manufacturing industry indices are predominant in the economic calendar starting this week. However, the minutes of the FED meeting to be announced on the evening of April 5 will be important after the members' latest speeches. As you know, the number of interest increase by FED in this year is the main subject of economic calendar if we look at the bigger perspective. It was perceived positively for the developing country market that the members' forecasts were to stay at three interest rates in March. With the statements made by the members of the pigeon stance against the interest rate increase of the past week, the market was actually question marks.
According to the finalized Purchasing Manager Index figures released today in Japan, the manufacturing sector index was 52.4 points in March, weaker than previous estimates. The weakening in business confidence and the decline in new orders were effective in the economic slowdown. The Caixin manufacturing PMI index, which was announced in China, fell to 51.2 points in March, well below the forecasts. In this period, the rate of new export order growth showed the weakest performance in the last three months, while the employment conditions of the sector started to deteriorate.
- Date: 03 April 2017 Mon 07:36
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