Chinese yuan is in focus
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
Another challenge for the EUR
Information is not investment advice
The Business Climate Indicator will be announced at 12:00 MT on January 8.
The Business Climate Indicator is based on five parameters of business activity and accounting, reported by thousands of companies across the Eurozone. Hence, it gives a comprehensive view of the European manufacturing sector. This year, the BCI has been consistently decreasing month after month with a few exceptions to the overall declining trend. The releases of the last three months were negative, indicating very moderate expectations of the business sector. The November figure of -0.23 fell below the expected -0.14, putting the euro under additional pressure. If the same happens on January 8, EUR will likely drop.
- If the BCI falls below the forecasts, EUR will fall.
- If the BCI outperforms the forecasts, EUR will be supported.
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China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
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China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
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