Daily News | It’s all about Markit

Hello once again at the beginning of another week, which brings another set of trading opportunities for you to enjoy. Although it’s only Monday today, the market is already in full swing, so let’s see what awaits us. We will start by examining the euro. The most important economies this Monday will be the French and German economies. The Markit Manufacturing PMI of France, which captures business conditions in the manufacturing sector, is expected to see a rising trend. The same can be said for the same index in the German economy and the Eurozone as a whole. Next, we turn to the Markit PMI Composite index, which are monthly Composite Reports on Manufacturing and Services, released by Markit Economics. They are formed with the help of numerouus business executives in private sector companies dealing with manufacturing and services. While there is no movement expected for the French indicator, both the German and Eurozone versions of the index are projected to rise. This is also true for the Markit Services PMI, which interviews executives on the status of sales, employment, and their outlooks. This is a clear continuation of last week’s trend for the euro. The same can be said for the U.S. dollar, whose Markit Manufacturing PMI is set to rise as well.

Daily News | Don’t miss out on the action

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Author: Max Rothstein

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