Global Economy looks increasingly uncertain, while USD rivals facing downside risks

Daily Update – 24th September 2019

Yesterday’s market

• EU: Markit PMI Composite
• EU: Markit Manufacturing PMI

Market PMI composite for Germany came negative. It was expected to come around 51.4 but in actual it was 49.1. Markit manufacturing PMI came at 41.4 compared to 43.5 previous month lowest level since 123 months.

 

Today’s markets

• JPY: Kuroda’s speech
• Euro: IFO Business Climate
• USD: Housing Price Index

Today’s explained

Bank of Japan Governor Haruhiko Kuroda will hold a press conference about monetary policies in Tokyo. Mr. Kuroda exercises general control over the Bank's business.

This German business sentiment index released by the CES IFO Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning.

Housing Price Index for USD will be released by the Federal Housing Finance Agency provides an estimated value of housing market conditions.