Source: IHS Markit Eurozone’s Productivity PMI was at 50.3 in November, unchanged from the previous month. The pace of expansion was the joint-weakest in eight months.DAX is up +0.49%, EURUSD is down -0.09% The static growth in the Eurozone reflected continuing impacts of material shortages that curtailed productivity in November. Services productivity improved … [Read more...] about Eurozone Growth Stagnates in Nov. as Raw Material Jitters Hamper Productivity
Forex News
PBOC Releases $188B for Banks in Second Reserve Requirement Ratio Cut
Source: Bloomberg China scaled back the amount of cash most banks must retain in reserve in a move to counter the economic slowdown. CSI 300 down -0.17%, CNY USD down -0.01% China’s Central Bank will lower the reserve requirement ratio by 0.5 percentage points for most banks on Dec.15, releasing 1.2 trillion yuan ($188B) of liquidity.The cut was signaled by Premier … [Read more...] about PBOC Releases $188B for Banks in Second Reserve Requirement Ratio Cut
Manufactured Goods Orders Surge by $5.1 Billion in October
Source: Census Bureau US orders of manufactured goods accelerated in October after jumping by 1.0% or $5.1 billion to $522.1 billion. The goods had risen by 0.5% in September. SPY is down -1.17%, DXY is up +0.24%. Manufactured goods shipments rose by 2.0%, equivalent to $10.2 billion to $523.4 billion, which is double September’s 1% increase.Unfilled orders were up by … [Read more...] about Manufactured Goods Orders Surge by $5.1 Billion in October
US Economy Added Only 210,000 Jobs in November. Unemployment Rate Falls to 4.2%
Source: US Bureau of Labor Statistics The US economy added back lesser jobs than anticipated in November as the unemployment rate dropped further than estimated to the lowest since February 2020. DXY up +0.04%, EUR USD up +0.04% Non-farm payroll employment increased by 210,000 jobs in November after rising by an upwardly revised 546,000 jobs in October. Economists had … [Read more...] about US Economy Added Only 210,000 Jobs in November. Unemployment Rate Falls to 4.2%
Eurozone Economic Growth Accelerates in November
Source: IHS Markit Economic growth in the Eurozone posted a solid expansion in November, following three months of slowdowns. EZU is up 0.02% premarket. The IHS Markit Eurozone PMI Composite Output Index stood at 55.4 in November, up from 54.2 in the previous month.Growth was driven mainly by the services sector, which offset the slowdown in manufacturing production, … [Read more...] about Eurozone Economic Growth Accelerates in November
