Summary for the 1st of April 2019


China’s Caixin Manufacturing PMI rose from February to 50.8, just above the borderline value of 50. The value is better than expected. Nikkei Manufacturing PMI also rose from February to 49.2, the value still signaling a contraction in the manufacturing industry, but not as much as previous month.

PMI data from a numbers of countries had been released today. More about this on tomorrow’s post.

World Trade Organization’s report will be published this week. Due to the ongoing trade tension, the report will get much attention. PMI data for service sector will be released on Wednesday. The Vice Premier of China, Liu He, will be meeting with the US Secretary of The Treasury, Steven Mnuchin, and the US Trade Representative, Robert Lighthizer, on Wednesday. On Thursday the ECB will release the Accounts from the latest Monetary Policy Meeting. The highlight of the week will be the US Non Farm Payrolls on Friday. The market is expecting a growth of 175 000 employed in March. The growth was only 20 000 in February.

Indices for 1st of April. Rising in long treasury yields and positive signals from the trade talk have led to a positive close on the US stock market on Friday. Japan’s stock exchange rose today even though the Tankan index was lower than expected.

Dow: +0.8% (29th of March)
S&P 500: +0.7% (29th of March)
Nasdaq: +0.8% (29th of March)
Nikkei: +1.4% (1st of April)
Chinese indices: +3% (1st of April)
STOXX Europe 600 Index: +1.21% (1st of April)

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