The US #Dow_Jones_Index fell -1.15% on October 1st 2019 after the negative data related to #US production on September published. According to #ISM, US manufacturing #PMI dropped to 47.8, showing that US economic growth is decreasing. It caused the US 2 year and 10 year bonds to fall respectively 4.2% and 2.15%. This will cause…
China’s official manufacturing purchasing managers’ index (PMI) increased to 49.8 for September, better than market expectation of 49.5! This is near 50 and shows a desirable November! Caixin PMI also improved to 51.4. As a result, the price of some of the minerals grew as follow: Zink: +2.49% (USD 2366) Lead: +2.53% (USD 2129) Index…
Nikkei (Japan): +2.2% Shanghai: +1.56 KOSPI: +1.14 Gold: -0.46% US 2Year: +3.46% What Influences the Stock Market? British lawmakers in the House of Commons stopped the UK Prime Minster, Boris Johnson, to leave the European Union without agreement, reducing the global economic risks. US and China are going to start new trade negotiations next month…
The US Purchasing Managers’ Index (PMI) in August 2019 is reported 49.1 and after 3 years, on a bearish trend! This causes the gold price to rise and increase investing in bonds. Gold: +1.5% Silver: +4.5% 2-year bond: -2.92% Oil: -1.8%
Fitch Ratings Inc. as one of the big three credit rating agencies declared that global tensions and cold war have caused the economy to be suppressed. Gross domestic product (GDP) in 20 superior world’s economies, developed or developing, had a bearish trend from the second half of 2018 until now! Weak internal demand and real…
Purchasing Managers’ Index (PMI) of August 2019 was released yesterday which is 49.5, lower than previous month (49.7). PMI is under 50 for the fourth consecutive month, representing a contraction. Production Index is reported 51.9 (-0.2%) and New Orders Index is 49.7 (-0.1%)! New Export Orders Index improved 0.3% and is 47.2.
