Investors cheered U.S. manufacturing data which followed similarly upbeat Chinese and European manufacturing indicators this otherwise depressing week.
Category: Features
PMIs across Europe showed manufacturing activity rebounding from coronavirus-induced lows, boosting market sentiment.
Investors grew cautious on the announcement of the Prime Minister Shinzo Abe resignation while the Japanese yen rose after the news.
Markets’ eyes are on Powell speech in which he is expected to take a dovish FED stance on inflation to support a fragile economy.
Investors traded cautiously a day ahead of a key FED speech by its Chairman Jerome Powell who may unveil a softer policy stance towards inflation.