PREVIOUS TRADING DAY EVENTS 02 Oct 2023

The PMIs had once more shown a grim picture, especially for the Eurozone. For the U.S. the picture is better for the manufacturing sector. S. manufacturing contracted for a 10th straight month in August, but the pace of decline continued to slow, suggesting sector stability.

Manufacturing PMI increased to 47.6 last month from 46.4 in July. The index slumped to 46.0 in June, which was the lowest reading since May 2020.

Source
httpswww.reuters.commarketsususmanufacturingsectorstabilizingweakerlevelsaugustism20230901

Winners and Losers

USDCAD leads this week as the CAD depreciated greatly. This has to do with the correlation between CAD and Crude oil. It leads this month with near 1 gains.

News Reports Monitor Previous Trading Day 02 Oct 2023

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements. No special scheduled figure releases.

MorningDay Session European and N. American Session

PMIs for the Manufacturing sector are released

Eurozone PMIs

According to the reports, the Italian manufacturing sector continues to show an economic downturn. The result was mainly due to weak demand conditions, sustained, but softer declines in production and new orders. The PMI remained in the contraction area with a slightly improved figure, 46.8 vs last months 45.4.

A similar grim picture is shown regarding French Manufacturing since downturns in output and new orders…