Posts Tagged ‘pmi’

Chinese Consumer Prices Hit Four-Month Highs on Food Costs

by Christopher Lemieuxon June 10, 2014 4:42 am BST
Chinese inflation in May increased at the fastest pace in four months on higher food prices. According to the state statistics bureau, consumer prices climbed 2.5 percent year-over-year. Economists were forecasting an increase from 1.8 percent in April to 2.4 percent, a tenth-percent lower than the actual print. The Chinese government has an inflation target of […]

Troubles Continue for Russia, Ruble Declines for Eighth Session

by Christopher Lemieuxon June 4, 2014 2:33 pm BST
Troubles continue for Russia’s economy, as the HSBC services PMI fell to a five-year low. The services purchasing managers index (PMI) came in at 46.1 in May, falling .7 percent from last month’s print. Analysts were expecting a rebound to 48.1. Consumer prices increased with inflation reading 7.6 percent, up .3 percent and higher than […]

Yuan Continues Its Decent, Expected to End the Year Higher

by Christopher Lemieuxon May 5, 2014 5:16 am BST
Morgan Stanley forecasts continued bearishness on the Chinese yuan, as option traders become the most bearish on the offshore yuan in ten months. The HSBC final manufacturing PMI came in at 48.1 in April, lower than the 48.3 from the previous month. Along with poorer than expected economic data, the yuan has declined as the People’s […]

Additional BoJ Stimulus Unlikely with Inflation on Target; Selective Yen Trading

by Christopher Lemieuxon May 1, 2014 12:42 pm BST
Additional stimulus from the Bank of Japan (BoJ) is unlikely as inflation picks up at its fastest pace since 1992. BoJ officials are quite confident that they will achieve their two percent target and will continue to ease at the current pace even as inflation reaches above two percent. The national reading of inflation has […]