Danske Daily - 1 May 2018

Published 05/01/2018, 01:45 AM

Market movers today

On a day where much of Asia and Europe are out for holiday, the main event is US ISM manufacturing: we expect a fall from 59.3 to 58.0. Looking ahead, we expect a further decline over the coming months but stress that ISM manufacturing has been elevated for quite some time now compared with other indicators and hard data.

In the UK, we expect the manufacturing PMI to remain unchanged at 55.1 as it is already below the equivalent euro area index. Note that on Thursday we will get the service PMI.

Overnight, we will get Caixin PMIs in China, where we expect a moderate decline in the manufacturing index as was the case with the official PMIs released yesterday morning.

To read the entire report Please click on the pdf File Below:

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.