Ponce
2nd May 2013, 03:31 PM
We are about to get an epic deluge of economic releases from around the world over the next three days, and we should learn a ton about the current state of the global economy.
It all starts tonight with South Korean exports at 8 PM ET. This data release is referred to as the “economic canary in the coal mine” because South Korea sends a lot of its exports to China, the health of which is critical to the global economy.
Following that is the official China manufacturing PMI (Purchasing Managers Index), out at 9 PM ET. All eyes will be on this release following a lackluster set of first-quarter economic data published a few weeks ago and the recent collapse in the commodity complex, which many ascribe to fears over Chinese growth. Much more below.
As if that isn’t bad enough, they were just getting started (with much more in between, you’ll have to visit Business Insider to find out!), more fun in the financial world comes on Friday.
Friday, at 8:30 AM ET, the U.S. releases its monthly nonfarm payrolls report. Economists estimate the U.S. economy created 148,000 nonfarm payrolls in April after creating only 88,000 in March. The unemployment rate is expected to stay unchanged at 7.6%.
To round out the week, March factory orders data and ISM’s non-manufacturing (services) index are released at 10 AM. Factory orders are expected to have contracted 3.0% in March after growing 3.0% in April. ISM’s non-manufacturing index is expected to tick down to 54.0 from 54.4 in March.
So get ready.
http://beforeitsnews.com/economy/2013/04/get-ready-the-next-72-hours-are-going-to-be-insane-business-insider-2515742.html
It all starts tonight with South Korean exports at 8 PM ET. This data release is referred to as the “economic canary in the coal mine” because South Korea sends a lot of its exports to China, the health of which is critical to the global economy.
Following that is the official China manufacturing PMI (Purchasing Managers Index), out at 9 PM ET. All eyes will be on this release following a lackluster set of first-quarter economic data published a few weeks ago and the recent collapse in the commodity complex, which many ascribe to fears over Chinese growth. Much more below.
As if that isn’t bad enough, they were just getting started (with much more in between, you’ll have to visit Business Insider to find out!), more fun in the financial world comes on Friday.
Friday, at 8:30 AM ET, the U.S. releases its monthly nonfarm payrolls report. Economists estimate the U.S. economy created 148,000 nonfarm payrolls in April after creating only 88,000 in March. The unemployment rate is expected to stay unchanged at 7.6%.
To round out the week, March factory orders data and ISM’s non-manufacturing (services) index are released at 10 AM. Factory orders are expected to have contracted 3.0% in March after growing 3.0% in April. ISM’s non-manufacturing index is expected to tick down to 54.0 from 54.4 in March.
So get ready.
http://beforeitsnews.com/economy/2013/04/get-ready-the-next-72-hours-are-going-to-be-insane-business-insider-2515742.html