Busy day for announcements sees US, China, Japan & Australia in focus

November 1, 2016

Another big day as far as announcements are concerned.

Early tomorrow  morning, data out of the US includes: Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending, IBD/TIPP Economic Optimism and ISM Manufacturing Prices. As indicated, the PMI figures along with the Manufacturing Prices reflect the relative strength of the manufacturing industry in the US whilst the Economic Optimism data is basically what it says – it gives us an indication of the economic sentiment amongst consumers.

China are releasing Manufacturing PMI, Non-Manufacturing PMI and Caixin Manufacturing PMI. Since manufacturing is such a large part of the Chinese economy, these PMI figures are crucial to help determine the strength and health of the manufacturing sector.

Japan are only releasing a couple of pieces of information, but what they are releasing is vital. Today, the Bank of Japan releases its official interest rates (Policy Rate) along with its Monetary Policy Statement. This is crucial as it affects the whole economy whilst also affecting global economic decisions. They are also releasing their Final Manufacturing PMI figure.

Australia is also set to announce its official Cash Rate as well. Interest rates are expected to be kept on hold.

Elsewhere, the UK is releasing Manufacturing PMI data and Canada is releasing GDP figures.