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Global PMI weakness could usher in market volatility – Lloyds Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Lloyds Bank, suggests that the global risk sentiment remains vulnerable.

    Key Quotes

    “The firming of the recovery in developed market equity prices, which began towards the end of last week, has been boosted further by the surprising policy rate cut by the Bank of Japan. This rally has also extended to oil prices with Brent crude rising from its mid-January low of $26/bbl to over $33, partly on speculation over Russian-OPEC collaboration on supply cuts.

    However, Chinese equities have continued to slide over the past week amid elevated anxieties about the potential downside impact of financial market gyrations on broader economic activity, and vice versa.

    Against this backdrop, disappointing news from the upcoming global activity indices for January, in particular the US ISMs (Weds), could trigger a renewed bout market volatility.”
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