Summary for the 2nd of April 2019


The US ISM Manufacturing PMI rose by 1.1 points to 55.3 in March, thus gaining back some of the decline in February. The increase was broad among sub-indexes, with highest increase in the sub-index for employment. The PMI index has downshifted from an already high value, but still shows a solid growth in the US manufacturing sector.

The Eurozone Manufacturing PMI confirmed the downward outlook in the manufacturing sector in Europe. The PMI was 47.5, lower than the preliminary estimate, and showed contraction in the manufacturing industry. The PMI in most of the countries in the Eurozone declined, some declined more than the preliminary estimates. PMI in Germany was at 44.1, 0.6 points lower than the preliminary.

The financial markets were less affected by the Eurozone PMI, but more by the positive PMI from the US and China. The stock exchange, both in the US and Europe rose yesterday, also the Asian stock exchange closed in positive today.

Indices for 2nd of April.
Dow: +1.3% (1st of April)
S&P 500: +1.2% (1st of April)
Nasdaq: +1.3% (1st of April)
Nikkei: +0.1% (2nd of April)
Chinese indices: +0.7% (2nd of April)
STOXX Europe 600 Index: +0.35% (2nd of April)

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