ZuluTrade Blog

Market Recap – Manufacturing PMI

Market View | Monday, September 2, 2019 11:03 AM GMT

Argentina imposes capital controls to support the falling peso. Greece gets rid of its own capital controls, imposed on June 2015.

The anti-EU, anti-immigration “Alternative for Germany’ party, failed to win the State Elections held in Saxony and Brandenburg.

The protests against Boris Johnson’s parliament prorogation, have not gathered sufficient number of people. On the other hand, the protests in Hong Kong, that are running through their 13th week, continue being crowed and violent, despite the recent arrests of key protesters and the police ban of this weekend’s rallies.

This week, financial markets will turn their focus on the upcoming monetary meetings of the Central Bank of Australia (RBA), the meeting of the Central Bank of Canada (BOC), the US unit labor cost that is expected higher, the US non farm payrolls and the today’s European manufacturing.

Macro releases: The most significant macro-releases of the day have already been published with the French manufacturing PMI being higher, the German manufacturing PMI continue recording bellow than 50 numbers and the Chinese Manufacturing PMI crossing the 50 level threshold for the first time since June. Full economic calendar is here. Note that Canada and the USA are having a bank holiday today.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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