October Begins: World Economies Show Continued Contraction – Crucial PMI Numbers Coming In WEAK!!! China, Australia, Taiwan, Indonesia PMI All Came In Worse Than Expected!!! Markets Are Preparing For Spain To Get Downgraded! U.S. Futures Are Down!
Investmentwatchblog.com
October 1st, 2012
It’s global PMI day And Crucial PMI Numbers Coming In WEAK!!!
SCORECARD
Japan: Markit/JMMA Manufacturing PMI — 48.0, up from 47.7 in August
China: HSBC Manufacturing PMI — 47.9, up from 47.6 in August
Australia: AiG Manufacturing PMI — 44.1, down from 45.3 in August
Netherlands: NEVI Manufacturing PMI — 50.7, up from 49.7 in August
China: Official PMI — 49.8, up from 49.2 in August
Taiwan: HSBC Manufacturing PMI — 45.6, down from 46.1 in August
Vietnam: HSBC Manufacturing PMI — 49.2, up from 47.9 in August
Indonesia: HSBC Manufacturing PMI — 50.5, down from 51.6 in August
Monday, 10/1, 1:00 AM: India: HSBC Manufacturing PMI — 52.8 in August
Monday, 10/1, 1:00 AM: Russia: HSBC Manufacturing PMI — 51.0 in August
Monday, 10/1, 2:00 AM: Ireland: NCB Manufacturing PMI — 50.9 in August
Monday, 10/1, 2:30 AM: Sweden: Swedbank PMI — 45.1 in August
Monday, 10/1, 2:00 AM: Poland: HSBC Manufacturing PMI — 48.3 in August
Monday, 10/1, 3:00 AM: Turkey: HSBC Manufacturing PMI — 50.0 in August
Monday, 10/1, 3:15 AM: Spain: Markit Manufacturing PMI — 44.0 in August
Monday, 10/1, 3:30 AM: Czech Republic: Manufacturing PMI — 48.7 in August
Monday, 10/1, 3:30 AM: Switzerland: Manufacturing PMI — 46.7 in August
Monday, 10/1, 3:45 AM: Italy: Markit/ADACI Manufacturing PMI — 43.6 in August
Monday, 10/1, 3:50 AM: France Markit Manufacturing PMI — 46.0 in August
Monday, 10/1, 3:55 AM: Germany Markit/BME Manufacturing PMI — 44.7 in August
Monday, 10/1, 4:00 AM: Greece Markit Manufacturing PMI — 42.1 in August
Monday, 10/1, 4:00 AM: Eurozone Manufacturing PMI — 45.1 in August
Monday, 10/1, 4:30 AM: U.K. Markit/CIPS Manufacturing PMI — 49.5 in August
Monday, 10/1, 9:00 AM: U.S. Markit U.S. PMI Final — 51.5 in August
Tuesday 10/2: 8:00 PM: South Korea: HSBC Manufacturing PMI — 47.5 in August
Developing…
Markets Are Preparing For Spain To Get Downgraded!
Markets are bracing for a possible downgrade of Spanish government debt to ‘junk’ status.
Ratings agency Moody’s is due to release its decision after a review of Spain’s credit rating wrapped up on Friday.
Analysts widely believe a decision will be forthcoming and that the outcome is unlikely to be positive.
Spain’s credit rating currently sits one notch above ‘junk’ status.
Any downgrade would have severe consequences for the country, as some investors can’t hold non-investment grade debt.
The Rest…HERE
