FX & CFD trading involves significant risk
08:30 Switzerland Manufacturing PMI November 54.2 55.1 56.5
08:48 France Manufacturing PMI (Finally) November 47.8 47.8 48.4
08:53 Germany Manufacturing PMI (Finally) November 52.5 52.5 52.7
08:58 Eurozone Manufacturing PMI (Finally) November 51.5 51.5 51.6
09:15 Eurozone ECB’s Vitor Constancio Speaks
09:30 United Kingdom Purchasing Manager Index Manufacturing November 56.5 Revised From 56.0 56.5 58.4
Euro fell against the dollar amid mixed data on manufacturing activity in the euro area .
According to the company Markit Purchasing Managers Index (PMI), calculated on the basis of 3000 survey of managers of manufacturing companies in eight countries in the euro zone rose to 51.6 from 51.3 in October.
Increased activity of November was achieved despite an unexpected decline in activity in the manufacturing sector in Spain , which suggests that a return to moderate economic growth in the fourth the size of the eurozone economy may have stalled.
Overall improvement is mainly due to the manufacturing sector in Germany : PMI largest eurozone economy grew in November to 52.7 from 51.7 in October. However, Italian producers have a surprisingly large contribution : PMI -thirds the size of the eurozone economy rose to 51.4 from 50.7 , reaching its highest level in two and a half years.
France PMI indicates that in November its activity in the manufacturing sector was the weakest in the eurozone. In addition, only here and in Greece decreased exports . This reinforces concerns about the ability of the second-largest eurozone economy after the recession contribute to the restoration of economic activity in the 3rd quarter.
Pound rebounded from the lows after the publication of the British PMI, which exceeded forecasts in November. PMI from Markit / Chartered Institute of Purchasing & Supply rose to 58.4 in November from a revised 56.5 in October. November result was well above the consensus forecast of 56.5 .
In addition, the PMI index indicates an increase in activity for eight consecutive months. Recovery occurred in all sub-sectors covered by the survey , amid rising production and new business.
Production prospects remain positive in November, while stocks continued to decline . The continuing rise of the producers led to further job creation in November.
" Manufacturing PMI touched a new high in two and a half years , when production and new orders rose to near 19 - year high - said Rob Dobson, senior economist at Markit. - Sustaining the recovery remains crucial ."
EUR / USD: during the European session, the pair fell to $ 1.3525
GBP / USD: during the European session, the pair rose to $ 1.6427 , and then retreated to $ 1.6367
USD / JPY: during the European session, the pair rose to Y102.90
At 13:30 GMT a speech Fed chairman Ben Bernanke . At 14:30 GMT , Canada will release PMI index for the production sector ( seasonally adjusted ) from RBC in November. At 15:00 GMT the U.S. ISM manufacturing index will be released in November. End the day at 23:50 GMT Japan data on the volume change of the monetary base in November.
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.