Weekly

The Chinese Caixin Manufacturing PMI for December beat expectations:Manufacturing PMI 50.8 vs. 50.4 expected and 50.7 prior.Output and new orders both increase at quicker rates.firms maintain a cautious approach to…

The British pound was king of pips this week, edging out the U.S dollar who fell from the top spot in the final moments of trade due to weak U.S. updates on Friday. On the other end of the spectrum, the Japanese yen lost big…

© Reuters Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest…

UPCOMING EVENTS:Tuesday: China Caixin Manufacturing PMI, Canada Manufacturing PMI.Wednesday: Switzerland Manufacturing PMI, US ISM Manufacturing PMI, US Job Openings, FOMC Minutes.Thursday: China Caixin Services PMI, US Challenger Job Cuts,…

The New Zealand Services PMI for November jumped back into expansion:Services PMI 51.2 vs. 49.2 prior.BNZ Senior Economist Doug Steel:“Despite November’s lift, the PSI remains below its long-term norm of 53.5. And the combination of…

The S&P 500 (SP500) on Friday advanced 0.75% for the week to close at 4,754.63 points, posting gains in four out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added 0.92% for the week. The benchmark index…

The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in…

China’s inflation data over the weekend surprised to the downside as the economy continues to face deflationary pressures:CPI Y/Y -0.5% vs. -0.1% and -0.2% prior.CPI M/M -0.5% vs. -0.1% expected and -0.1% prior.Core CPI Y/Y 0.6%…

UPCOMING EVENTS:Monday: US NAHB Housing Market Index.Tuesday: RBA Meeting Minutes, BoJ Policy Decision, Canada CPI, US Building Permits and Housing Starts.Wednesday: PBoC LPR, UK CPI, US Consumer Confidence, BoC Summary of…

© Reuters. Investing.com - The U.S. dollar edged higher in early European trade Friday, but remained on course for its steepest weekly decline since July after the Federal Reserve signaled rate cuts next year while central banks in…