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Showing 91 - 100 of 489 results for "PMI"

Chief economist update: Eurozone negative rates a failure?

BENJAMIN ONG  |  TUESDAY, 10 DEC 2019
... advising to overweight Eurozone equities. The forward view (back then) was also better with the Markit Eurozone composite PMI index for December 2017 surging to its highest reading since February 2011 According to IHS/Markit (at the time): "The upturn ...

Chief economist update: Bah humbug

BENJAMIN ONG  |  TUESDAY, 3 DEC 2019
... stumbling blocks) and accompanied by the recent improvement in world manufacturing activity. The JP Morgan global manufacturing PMI rebounded into expansion territory to a seven month high reading of 50.3 in November after five months of contraction....and ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
... China's manufacturing sector has stopped contracting. The official National Bureau of Statistics (NBS) China manufacturing PMI increased to a reading of 50.2 in November - 50 separates contraction from expansion - from 49.3 in the previous month. ...

Chief economist update: Weaker yen strengthening Japan

BENJAMIN ONG  |  THURSDAY, 28 NOV 2019
... yen which, in turn, is thanks to optimism over the "phase one" deal between the US and China and indications from the Markit PMI surveys that the contraction in global manufacturing activity has bottomed. As such, the VIX index - the fear gauge - has ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... biggest economies, except for Japan (which continues to decline). But as Markit Economics/Jibun Bank acknowledged in its Japan PMI report, "the sales tax rise and harsh weather conditions affected demand, as new order growth eased to a 17-month low in ...

Chief economist update: The yen to dictate if BOJ turns words into action

BENJAMIN ONG  |  THURSDAY, 7 NOV 2019
... godsend for the BOJ. More so, given the latest indications from its purchasing managers' indices. The Jibun Bank Japan PMI indices all dropped into contraction territory - below 50 - in October. The composite PMI fell to a reading of 49.1 in October ...

Chief economist update: Good news is good news

BENJAMIN ONG  |  MONDAY, 4 NOV 2019
... in as many FOMC meetings - July and September). And China appears to be getting back up too. The Caixin China manufacturing PMI rose from 51.4 in September to 51.7% in October. No big deal given the quantum of increase but a big one given that it marks ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
The Australian Securities and Investment Commission has warned superannuation trustees to improve the standard of communication to fund members about Putting Members' Interests First (PMIF) reforms, hinting it may take action against funds if necessary. ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG  |  FRIDAY, 25 OCT 2019
... Nah Governor, for survey says we're now teetering on the brink. The flash estimate of the Commonwealth Bank Composite PMI fell to a reading of 50.7 in October from 52.0 in the previous month as both the manufacturing (down to 50.1) and services (down ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... yen compounding the challenges faced by Japanese manufacturers. Recent data shows that the Jibun Bank Japan Manufacturing PMI fell to a reading of 48.9 in September - the fifth straight month of contraction in the sector. Likewise, while it came in better ...