Archive for September 1st, 2017

Sept 1, 2017 Night of the Markit PMI’s around the world and it is positive

September 1st, 2017

Well tonight I am very surprised that China PMI came in at 51.6 vs 51.1 last month. South Korea remained just below the 50.0 no-change mark in August. Posting at 49.9, up from 49.1, the PMI signalled a fractional decline in business conditions for South Korean manufacturers. Vietnam ticked up to 51.8 in August from 51.7 in July. This signalled a further modest monthly improvement in the health of the sector. Russia actually did see a bit of a decrease but it is still above the key 50. Our Futures are up .10% leading into the European Open. Shanghai Futures are just slightly up over the news. Oil is down .74%. Of course NFP is coming this morning too, everyone is looking for 170K plus. YET, We have another Hurricane Coming next week possibly, Hurricane Irma, this should continue to hurt Oil because it will only delay the opening of the Refiners if it hits the gulf.

Sept 2017, Uncategorized