From the UK, yesterday, UK Construction PMI data was released. At 55.3, the headline seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index was down from 58.8 in October and signalled the slowest expansion of business activity for seven months. Analysts were anticipating smaller decrease to 58.4. Aside from the pre-election slowdown seen in April, overall output growth was the weakest since mid2013.
As for tomorrow, UK Services PMI data will be published. Analysts are forecasting slight increase to 55.1. In the US session Unemployment Claims and Non-Manufacturing PMI figures are scheduled for a release. Unemployment Claims are expected to increase to 269,000, while Non-Manufacturing PMI should decline to 58.1.
Figures to watch:
Services PMI (Thursday 10:30)
Unemployment Claims (Thursday 14:30)
ISM Non-Manufacturing PMI (Thursday 16:00)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
Forex Web News is part of Rolling Capital Network providing financial consulting.
Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.
Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.
All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.
We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.
Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.