Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17
Manufacturing PMIs May Change Industrial Metals' Direction
Friday, 03 April 2015 18:15

Manufacturing PMIs May Change Industrial Metals' Direction

Written by 
Rate this item
(0 votes)

This week we are having manufacturing data releases of China, Euro, Germany, France and U.S.

Industrial Metals get highly affected by change in manufacturing activities. China, the largest base metals consumer, is likely to show contraction for February. The index may fall to 49.4, lowest in last seven months, from previous 49.5. Slowing manufacturing activities at China could further deepen metal prices.

Euro Manufacturing PMI may expand to 54.2 while German PMI may fall to 56.4. French PMI likely to continue contraction for 4th month consecutively. U.S. Philly Fed Manufacturing Index is expected to fall this time on slowing economic progress. The index may fall by 0.2 points to 9.2 for last month.

We are expecting volatile movement in industrial metals during this week. Base metals are already in down trend and negative PMIs may further fuel bearish sentiments.

 

Read 883 times