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> Fundamental Analysis 2017.10.03 - Market Outlook
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Fundamental Analysis 2017.10.03 - Market Outlook

STO

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About the only number of note today is the UK construction PMI. Following yesterday’s manufacturing PMI, which fell slightly more than expected (to 55.9 vs 56.2 expected, 56.7 previous) this one is expected to be at least unchanged. The two indices aren’t that closely correlated; since Jan. 2013, they’ve only moved in the same direction 55% of the time, which is about what you’d expect from two random numbers.

Deputy Governor Sylvain Leduc of the Bank of Canada will speak on “Firm creation and productivity in the Canadian economy.” It doesn’t sound too promising, but of course officials can always add something in if they want to.

There are two second-tier New Zealand statistics coming out overnight, the Quotable Value (QV) house price index and ANZ commodity world prices, but these have no forecasts and rarely move NZD by ±0.1%.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/GENERAL/fundamental-analysis-20171003/?camp=24219
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