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Justin Low

UK October flash services PMI 47.5 vs 49.0 expected

Prior 50.0Manufacturing PMI 45.8 vs 48.0 expectedPrior 48.4Composite PMI 47.2 vs 48.1 expectedPrior 49.1The economic downturn in the UK continues to intensify with the services sector recording its sharpest decline in activity since...

Euro lacks comfort as PMI data highlight continued downturn

The latest set of PMI numbers for October is only serving to reaffirm an intensifying downturn in the Eurozone as conditions continue to be largely hampered by high inflation and cost-of-living concerns. The...

Germany October flash manufacturing PMI 45.7 vs 47.0 expected

Prior 47.8Services PMI 44.9 vs 44.7 expectedPrior 45.0Composite PMI 44.1 vs 45.3 expectedPrior 45.7The German economy sinks deeper into contraction territory to start Q4 with both the services and composite readings being at...

USD/JPY intervention today proving to be futile

When Japanese authorities stepped in earlier, the pair fell from 149.62 to 145.48 in quick succession. However, the intervention move was quickly bought up before the pair held close to 149.00 for the...

Sunak now favourite to be new UK PM after BoJo bows out

The big news overnight in the UK is that Boris Johnson has bowed out of the race to become the next UK prime minister. He said that he had cleared "the very high...

BOJ’s Kuroda: CPI growth likely to fall below 2% target in the next fiscal year

Will continue to put all effort into achieving price targetIt is extremely unfavourable that Japan's inflation oustrips wage growthThe headline remark suggests that we are not likely to see a BOJ pivot of...

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