European session review: EUR appreciates after strong Eurozone factory PMI data
01.04.2021, 12:16

European session review: EUR appreciates after strong Eurozone factory PMI data

TimeCountryEventPeriodPrevious valueForecastActual
06:00GermanyRetail sales, real unadjusted, y/yFebruary-9.3%-6.3%-9%
06:00GermanyRetail sales, real adjusted February-6.5%2%1.2%
06:30SwitzerlandRetail Sales (MoM)February-5.3% -5.2%
06:30SwitzerlandRetail Sales Y/YFebruary-0.5% -6.3%
06:30SwitzerlandConsumer Price Index (MoM) March0.2%0.4%0.3%
06:30SwitzerlandConsumer Price Index (YoY)March-0.5%-0.3%-0.2%
07:30SwitzerlandManufacturing PMIMarch61.364.566.3
07:50FranceManufacturing PMIMarch56.158.859.3
07:55GermanyManufacturing PMIMarch60.766.666.6
08:00EurozoneManufacturing PMIMarch57.962.462.5
08:30United KingdomPurchasing Manager Index Manufacturing March55.157.958.9
12:00OPECOPEC Meetings    

EUR strengthened against its major counterparts in the European session on Thursday as the announcement of a massive infrastructure spending plan in the U.S. and the Eurozone's March factory PMI data, which were the strongest on record, bolstered markets’ sentiment.

On Wednesday, U.S. President Joe Biden announced a $2.25 trillion infrastructure spending plan, which includes proposals of a doubling of federal funding for public transportation, $650 billion for clean water and high-speed broadband and more than $500 billion in spending on manufacturing. Biden's infrastructure proposal underscored the recovery narrative, prevailing in markets.

The latest report from IHS Markit revealed on Thursday that the Eurozone's manufacturing sector expanded at a survey record rate in March. According to the report, the final Eurozone manufacturing PMI came in at 62.5 in March, up from February’s 57.9 and the flash reading of 62.4. The March PMI reading indicated that operating conditions in Eurozone’s manufacturing economy improved to the greatest degree in nearly 24 years of survey history. Output and new orders rose at record rates. New export orders also increased for the ninth consecutive month and at a series record pace. In addition, purchasing activity posted the quickest expansion ever and the pace of job creation was the strongest since August 2018.

However, the announcement of a new - third - national lockdown in France reminded investors that the EU struggles in both curbing the spread of the COVID-19 and extending its vaccine rollout. This limits the further growth of the euro.

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik