September 2013

Spain PMI climbs to 50.4 in August

Spain’s final services PMI rose from 48.5 in the previous month to 50.4 in August, exceeding analysts’ forecast of 49.5 and putting an end to the services sector’s two-year tightening, according to the Markit Economics data. The positive final services PMI reports were assisted by the debt crises dragging Spain’s economy for more than two years.

Spain PMI – Final Manufacturing PMI

Apart from the positive final manufacturing PMI reports indicating a growth in Spain’s industry sector, the report also shows the sector rose above the 50 threshold to 51.1, up from 49.8 from the previous month. Read more

Crude Futures: WTI Declines On Syria Delay;Brent Above $114 level

West Texas Intermediate futures continued to fall on Tuesday as it set to extend its decline to a fourth session, while investors worries over the pending military strike against Syria eased. Brent dropped lower significantly after driven by the data’s from European factories outputs showing greater appetite for oil.

WTI October deliveries dropped 0.63% to $106.98 a barrel in New York’s Nymex  at the time of writing, while Brent crude futures traded flat in London, edging up 0.03% to $114.37 a barrel. Read more

Asian Stocks Climbs On Global Recovery

Major Asian stocks were seen in green on Tuesday, driven by the positive manufacturing data from Europe and China, along with the Markit’s euro area manufacturing Purchasing Manager’s Index (PMI) boosted to 51.4 points in August. While the Official PMI rose to a 16-month high of 51.0 points from previous reading of 50.3 points in July.

The Japanese yen was weakened to a one-month low against the greenback, boosting the country’s stock and driven by the upbeat data which shows that the global economy is recovering and stabilizing. The yen was traded 0.13% lower at ¥99.45 at the time of writing. Read more

Asian Shares Mostly In Green On China PMI Data

Most major Asian shares started the week higher which was driven by the massive above-forecasted Chinese manufacturing PMI, showing that the global economy recovery will increase its pace. While Japan’s benchmark Nikkei index was assisted by the predictions that Japan is expected to host the Olympics along with the weaker yen.

Asian Shares – Japan

Japan’s benchmark Nikkei 225 began the trading week in gains, climbing 1.4% to 13,576.00 points. Read more

European Stocks Climbs On Upbeat Data

European stock indices started the trading week rising on Monday, boosted by the better-than-expected manufacturing Purchasing Manager’s Index (PMI) from China and Spain.

The Pan-European Euro Stoxx 50 index gained 1.50% to 2,768.00 as of 7:31 am GMT, while the German DAX index added 1.51% to 8,225.20 at the same time. The French CAC 40 index rose 1.59% to 3,996.30 and the UK’s FTSE 100 index edged up 1.32% to 6,497.80 at the same time. Read more