HomeContributorsFundamental AnalysisWeekly Focus: Has the Global Manufacturing Cycle Reached its Trough?

Weekly Focus: Has the Global Manufacturing Cycle Reached its Trough?

Nov 15 19, 15:33 GMT

Market Movers ahead

PMI figures on both sides of the Atlantic are set to reveal how durable the positive signals in the October prints have been about a potential bottom in the global manufacturing cycle.
FOMC and ECB minutes will be scrutinised by markets for the different stances of policymakers on the boards.
There is a risk of a government shutdown, if the US Congress cannot reach an agreement on government funding ahead of the Thursday deadline.
Japanese inflation figures for October are set to reveal the impact of the October VAT hike.
In Scandinavia, the Norwegian oil investment survey and Riksbank speakers are in focus. Danish employment figures are set to reveal whether the labour market has slowed further in September.

Weekly wrap-up

More rays of light in euro area macro data as Germany (yet again) avoids falling into technical recession.
Fed wait-and-see attitude prevails and we now expect only one more cut from the Fed in three to six months.
Risk appetite experiences a setback after more sombre news on the trade front.
Periphery yields come under pressure despite the prospect of a coalition government in Spain.

Full report in PDF.

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