According to Japan's Manufacturing PMI, September data indicated that the Japanese manufacturing sector moved another step closer to stabilization, helped by the slowest fall in new orders since January. At the same time, hopes of a longer-term recovery in production volumes strengthened, with growth expectations for the year ahead rising to the highest since May [...]
Euro zone economic sentiment improved more than expected in September, data showed on Tuesday, mainly thanks to a rise in optimism in the services sector despite concerns about a second wave of the COVID-19 pandemic. The European Commission's monthly survey showed sentiment in the 19 countries sharing the euro rising to 91.1 points this month [...]
The Brexit-positive headlines strengthen the pound whereas crucial departure talks in Brussels challenge it. European negotiators have indicated for the first time that they are prepared to start writing a joint legal text of a trade agreement with the UK before fresh talks begin today.'' The bloc not only shows readiness to alter the legal [...]
Global market players are in a dilemma as the key risk catalysts are flashing mixed signals off-late. Fears of strict lock-down conditions hampering the global economic growth seem to favor the bear. Additionally, catalysts likely allegations on US President Donald Trump and Brexit uncertainty are an extra burden on the market’s mood. As gold bears [...]
