Previous Trading Days Events 23.05.2024

Flash Purchasing Managers Index PMI figures in the eurozone, the UK and the United States were reported yesterday and shook the markets. 

Businesses across the globe broadly enjoyed an improved performance this month with activity picking up in the United States and across parts of Asia and Europe.

The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown.

U.S. business activity accelerated to the highest level in just over two years in May, suggesting that economic growth picked up halfway through the second quarter.

Source httpswww.reuters.commarketsglobaleconomyimprovedbusinessactivitycastsdoubtoverratecuts20240523

Winners vs Losers

USD pairs reached the top as the U.S. Dollar is moving to the upside due to expectations regarding interest rate cut delays for the Fed. Metals saw a fall but with a potential reversal soon and U.S. stocks experienced a shock yesterday causing a plunge.

News Reports Monitor Previous Trading Day 23.05.2024

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news, no special scheduled figure releases.

Morning Day Session European and N. American Session

The PMI releases were as follows

Eurozone PMIs

In France, the PMI services sector PMI turned to contraction in May after returning to growth at the start of the second quarter. 

Germany saw a boost in business…