{"id":18677,"date":"2023-04-21T04:35:10","date_gmt":"2023-04-21T04:35:10","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/marketmind-purchasing-managers-of\/"},"modified":"2023-04-21T04:39:51","modified_gmt":"2023-04-21T04:39:51","slug":"marketmind-purchasing-managers-of","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/marketmind-purchasing-managers-of\/","title":{"rendered":"Marketmind: Purchasing managers of the world, diverge"},"content":{"rendered":"<p>A look at the day ahead in European and global markets from Tom Westbrook<\/p>\n<p>A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence.<\/p>\n<p>Softening second-tier data in the U.S. on Thursday put a bid under bonds for the first time in a few weeks, while bitcoin was clobbered. Purchasing manager&#8217;s index data are the next set of economic figures due as market focus flings back on growth.<\/p>\n<p>British and euro zone manufacturing surveys are seen stuck in contraction territory.<\/p>\n<p>China posted stonking export growth in March, but surprised analysts think that&#8217;s a one-off. Chinese manufacturing, which can be a leading indicator for Europe and elsewhere, is slowing.<\/p>\n<p>Export orders out of tech bellwether Taiwan have nose-dived.<\/p>\n<p>It&#8217;s a different story on the services side, where robust readings have been taken as signs of strong demand, inflationary pressure and another reason to take interest rates higher.<\/p>\n<p>European and British services PMIs are seen steady and staying in expansion mode. British retail sales are expected to fall, adding up to a somewhat confounding picture.<\/p>\n<p>Asian markets were in caution mode through Friday, and MSCI&#8217;s Asia ex-Japan index headed for its worst week since Silicon Valley Bank failed six weeks ago.<\/p>\n<p>Japan itself is looking interesting, with the Nikkei an outlier and hitting an eight-month high as it rides a wave of investor hopes that the world&#8217;s third-biggest stock market might be in the process of awakening from decades of slumber.<\/p>\n<p>Japanese core inflation also hit its highest since 1981 and has pressure on the central bank to pare back its ultra easy policies. The Bank of Japan meets next week.<\/p>\n<p>Key developments that could influence markets on Friday:<\/p>\n<p>Data: Eurozone, UK and U.S. PMIs, British retail sales<\/p>\n<p>Speakers: Fed&#8217;s Cook, ECB&#8217;s de Guindos<\/p>\n<p>Earnings: Proctor and Gamble, Regions Financial, Schlumberger<\/p>\n<p \/>\n<p> (Reporting by Tom Westbrook; Editing by Christopher Cushing)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/marketmind-purchasing-managers-of\/german-share-price-index-dax-graph-is-pictured-at-the-6\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3K03V-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3K03V-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence. Softening second-tier data in the U.S. on Thursday put a bid under bonds for [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":18678,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-18677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3K03V-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=18677"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18677\/revisions"}],"predecessor-version":[{"id":18679,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/18677\/revisions\/18679"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/18678"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=18677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=18677"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=18677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}