Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (Washington)
MNI Global Week Ahead November 23 - 27
Key Things to Watch For:
- Monday, November 23 – IHS Markit European Flash PMIs
- All European flash manufacturing PMIs are expected to decline in November amid the second wave of Covid-19. However, all indicators are still seen above the 50-mark, signaling expansion. The renewed lockdown measures introduced in Europe are mainly affecting the service sector rather than the industrial sector. As a result, the divergence between services and manufacturing continues to grow.
- The EZ PMI is seen lower at 53.1, down from 54.8 recorded in October, while the UK's manufacturing PMI is anticipated to drop to 50.5, down 3.2 points.
- Flash services PMIs are also expected to decline, as renewed stricter containment measures hit the sector. The European indices are forecast to register in contraction territory, while the US services PMI is projected to remain above the 50-mark.
- The overall EZ index is forecast to tick down 4.4 points to a six-month low of 42.5. The second lockdown in the UK is likely to push the services PMI down to 42.5 in November, marking the first sub-50 reading since June.
- Monday, November 23 – IHS Markit U.S. Flash PMIs
- U.S. manufacturing activity slowed slightly in November, with Bloomberg expecting IHS Markit's Flash U.S. Manufacturing PMI to hit 52.5 following a reading of 53.4 in October.
- Service sector activity also dropped off in November, with Bloomberg forecasting a decline to 55.8 from 56.9 in October.
- Wednesday, November 25 – U.S. Weekly Jobless Claims
- Initial jobless claims filed through November 21 should dip to 725,000 after climbing to 742,000 in the week ending November 14, which was the first weekly increase in a month.
- Despite last week's increase, weekly initial claims have continued to trend downward. Still, recipients of Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) are rising. Those programs, authorized under the CARES Act, expire in just over a month.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok