Reply To: Traders Market Weekly: Global Market Dislocation at a Precipice


Flash Manufacturing and Services PMI readings for the eurozone weakened while the U.K.’s Manufacturing PMI improved slightly but remained in contractionary territory. Gilt yields in the U.K. have surged after it was announced that some taxes will be rolled back while spending will increase. Credit Suisse is reportedly looking to raise capital and it denied speculation that it will exit the U.S. market. Right wing parties in Italy are expected to gain support in Sunday’s general election.
Eurozone’s flash September Manufacturing PMI 48.5 (expected 48.7; last 49.6) and flash Services PMI 48.9 (expected 49.0; last 49.8)
Germany’s flash September Manufacturing PMI 48.3, as expected (last 49.1) and flash Services PMI 45.4 (expected 47.2; last 47.7)
U.K.’s flash September Manufacturing PMI 48.5 (expected 47.5; last 47.3) and flash Services PMI 49.2 (expected 50.0; last 50.9). September GfK Consumer Confidence -49 (expected -42; last -44) and September CBI Distributive Trades Survey -20 (expected 10; last 37)
France’s flash September Manufacturing PMI 47.8 (expected 49.8; last 50.6) and flash Services PMI 53.0 (expected 50.5; last 51.2)
Spain’s Q2 GDP 1.5% qtr/qtr (expected 1.1%; last -0.2%); 6.8% yr/yr (expected 6.3%; last 6.7%)