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Share Market update - January 2nd
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Market update - January 2nd
Hello and welcome! Here’s a quick update for Thursday, January 2nd.
China’s Caixin Manufacturing PMI came in softer at 50.5, signaling slower growth. Over in Europe, Spain’s Manufacturing PMI improved to 53.3, but Italy and the Eurozone overall remain in contraction. The U.K.’s housing market surprised with a 0.7% rise in prices, though manufacturing data missed expectations.
In the U.S., unemployment claims dropped to 211,000, showing strength in the labor market. The Manufacturing PMI improved to 49.4, but construction spending flatlined, and crude oil inventories saw a smaller-than-expected decline.
For the DXY, strong labor and manufacturing data may lend support, but mixed signals from other sectors could limit gains. Stay tuned for more tomorrow!
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By Jayanjan MukherjeeHello and welcome! Here’s a quick update for Thursday, January 2nd.
China’s Caixin Manufacturing PMI came in softer at 50.5, signaling slower growth. Over in Europe, Spain’s Manufacturing PMI improved to 53.3, but Italy and the Eurozone overall remain in contraction. The U.K.’s housing market surprised with a 0.7% rise in prices, though manufacturing data missed expectations.
In the U.S., unemployment claims dropped to 211,000, showing strength in the labor market. The Manufacturing PMI improved to 49.4, but construction spending flatlined, and crude oil inventories saw a smaller-than-expected decline.
For the DXY, strong labor and manufacturing data may lend support, but mixed signals from other sectors could limit gains. Stay tuned for more tomorrow!