2 April is going to be an interesting day in the markets, we are expecting a number of data releases from Europe, the US and South Africa.
We are also entering a week with many market holidays all over the globe (China has holidays today, tomorrow and Wednesday). A number of European countries, Australia, Indonesia, South America and a number of African countries also have market holidays.
PMI - Purchasing Managers Index is an indicator if the economic health of the manufacturing sector, based on 5 major indicators (new orders, inventory levels, production, supplier deliveries and the employment environment). A PMI above 50 represents an expansion compared to the previous month, below 50 represents a contraction of the manufacturing sector.
We are also entering a week with many market holidays all over the globe (China has holidays today, tomorrow and Wednesday). A number of European countries, Australia, Indonesia, South America and a number of African countries also have market holidays.
PMI - Purchasing Managers Index is an indicator if the economic health of the manufacturing sector, based on 5 major indicators (new orders, inventory levels, production, supplier deliveries and the employment environment). A PMI above 50 represents an expansion compared to the previous month, below 50 represents a contraction of the manufacturing sector.
The data points due today are:
09:45 - Italy March PMI (47.6)
09:50 - France March PMI (47.6)
09:55 - Germany March PMI (48.1)
10:00 - Eurozone March PMI (47.7)
11:00 - SA March Kagiso PMI (55.6)
16:00 - US March PMI (53.1)
Other releases:
Monday 2 April
Wesiswe Platinum releases annual results
John Daniel Holdings releases interim results
GIBS hosts BRIC forum
Rare Holdings releases interim results
Sea Kay Holdings releases interim results
Sephaku Holdings releases interim results
Micromega releases annual results
Andulela releases annual results
Tuesday 3 April
Royal Bafokeng Platinum holds its AGM
GIBS hosts a social networking forum
Naamsa Vehicle Sales (YoY) (11:00)
SACCI Business Confidence (11:30)
Wednesday 4 April
Platmin releases annual results
South African Coal Mining Holdings releases annual results
Tawana Resources releases annual results
Delrand Resources releases annual results
European Central Bank releases its Financial Stability Review
Thursday 5 April
Capricorn Holdings holds its AGM
Electricity Consumption (YoY) 13:00
Electricity Production (YoY) 13:00
Bank of England releases its Financial Stability Review
Friday 6 April
US Payrolls released
Will keep you updated!
http://www.investopedia.com/terms/p/pmi.asp#axzz1qrm0LM3y
Standard Bank Securities
Finweek 5 April 2012 Page 9
Standard Bank Securities
Finweek 5 April 2012 Page 9
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