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Eurozone PMI surveys in focus

October 23, 2014

Equity markets in Asia followed U.S. stocks lower. HSBC’s preliminary pur-chasing manager’s survey signaled a continued, but moderate growth trend in China’s manufacturing sector, adding to signs export demand is helping the world’s second-largest economy weather a slowdown. Today, investors await the monthly PMI survey results from research institute Markit on services and manufacturing activity in the Eurozone.

In the U.S., New York-based economic research institute The Conference Board will provide more evidence on the state of the U.S. economy. The leading indi-cator is expected to gain 0.7% in September pointing to a solid growth trend in the next three to six months. The Bank of England sees heightened risks from a slump in the Euro-area economy, minutes of the last central bank meeting showed. Canada’s central bank kept its benchmark interest rate unchanged at 1.0%, as expected.

 

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