Trading news

Britain's manufacturing activity wanes

Britain's upcoming referendum regarding the nation's membership in the European Union raised concerns thus having influenced the manufacturing activity that expanded barely last month.

Britain's Manufacturing PMI to 50.1

U.K's Markit/CIPS manufacturing Purchasing Managers' Index climbed from April's 49.4 figure to 50.1 in May, amid the economists having predicted a 49.6 figure.

Based on official data, the British manufacturing did not contribute to the nation's growth for 2015, and currently for 2016.

Furthermore, the business sector, the investment spending, and June's referendum strongly influenced the economy, thus creating uncertainty.

Moreover, the economy is expected to weaken in Q2. The Bank of England stated that in the scenario where the nation exits the EU this could add more obstacles, as well as force the nation into a deeper recession.

Read More

Wednesday, 01 Jun, 2016 / 12:17

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-s-manufacturing-activity-wanes

Trading news

 

Dollar anxious ahead of nonfarm payrolls, equities roar

· Dollar at week's lows ahead of blockbuster US jobs report · [...]

Posted on Friday, 07 May, 2021 / 9:20 under

Big Market Movers: What To Expect From The Non-Farm Payroll Report

The Non-Farm Payroll report will become more and more important in defining [...]

Posted on Friday, 07 May, 2021 / 3:44 under

Trading ideas for May 10-14

The week will be full of US data: inflation, jobless claims, retail sales, and [...]

Posted on Thursday, 06 May, 2021 / 4:35 under