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European Economic News Preview: Germany Flash Inflation, Unemployment Due

Flash inflation and unemployment data from Germany and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Tuesday. At 3.30 am ET, Swiss manufacturing PMI survey data is due. The PMI is expected to fall to 53.3 in December from 53.9 in the previous month.
RTTNews | 849 일 전
China Manufacturing Activity Weakens On Covid Containment Measures

China Manufacturing Activity Weakens On Covid Containment Measures

China's factory activity deteriorated further at the end of the year as Covid-19 containment measures together with softer demand forced manufacturers to downsize production. The Caixin manufacturing Purchasing Managers' Index edged down to 49.0 in December from 49.4 in the previous month, survey results published by S&P Global showed on Tuesday.
RTTNews | 849 일 전
Asian Markets Mostly Lower

Asian Markets Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, despite the broadly positive cues from global markets overnight, as traders remain concerned aggressive monetary policy moves by global central banks this year also could tip the global economy into recession. Traders continued to refrain from creating fresh long positions. Asian markets closed mixed on Monday.
RTTNews | 850 일 전
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is sharply lower on Tuesday after opening in the green on the first trading day of the year, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,000 mark, despite the broadly positive cues from global markets overnight, as trader reacted to data that showed the lowest growth in factory activity since May 2020.
RTTNews | 850 일 전
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Eurozone Factory Slowdown Softens As Supply Chain, Inflation Pressures Ease

Eurozone Factory Slowdown Softens As Supply Chain, Inflation Pressures Ease

Downturn in the euro area manufacturing slowed in the final month of 2022 amid healing supply chains and softening inflationary pressures, final results of the purchasing managers' survey from S&P Global showed Monday. The manufacturing Purchasing Managers' Index rose to a three-month high of 47.8 in December from 47.1 in November. The reading came in line with the flash estimate.
RTTNews | 850 일 전
China Private Sector Sinks Into Deeper Contraction Amid Covid Scare

China Private Sector Sinks Into Deeper Contraction Amid Covid Scare

China's manufacturing and services sectors weakened the most since early 2020 despite the abrupt abandonment of zero Covid policy in December amid public resistance, as the number of infections rise that prompted several countries to raise alerts and, bring back testing and protective measures. The official manufacturing Purchasing Managers' Index declined to 47.0 in December.
RTTNews | 850 일 전

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