Halten Sie die globalen Märkte in Ihren Händen
Unsere mobile Trading-App ist mit den meisten smarten Geräten kompatibel. Laden Sie die App jetzt herunter und beginnen Sie, mit PU Prime auf jedem Gerät, jederzeit und überall zu traden.
On Wednesday evening (GMT+3), the US ISM Manufacturing Purchasing Managers‘ Index (PMI) figure for May was released. May showed a reading of 56.1, higher than the forecasted 54.5 and the previous month’s value of 55.4. The ISM Manufacturing PMI measures product demand from over 300 key manufacturers in the US and is considered a major indicator of the US economy. A PMI above 50 indicates that manufacturing expanded from the previous month, while a reading below 50 suggests contraction.
Despite outsized inflation figures, supply chain disruptions, and the effects of a global pandemic, the US economy has shown surprising resilience. The last time the Manufacturing PMI dropped below 50 was in June 2020.
A report from Wells Fargo writes that the PMI “offers a mixed read on the state of US industry”, showing growth in orders and order backlogs, incremental improvements in supplier deliveries, and a minor easing of inflation pressure.
The US dollar strengthened on the back of a combination of strong economic data for the US, hawkish Fed comments, and weaker economic data for many of its G7 peers. The DXY rose 0.73% on Wednesday evening and is trading steady near the 102 mark. Meanwhile, the 10-year Treasury yield reached an intraday high of 2.95%.
Despite higher Treasury yields, the non-yielding gold rebounded on Wednesday and has been trading steadily since. Spot gold is currently trading at 1844.35.
With strong economic data raising expectations of even more aggressive monetary tightening, combined with a warning of an “economic hurricane” from JPMorgan Chase President Jamie Dimon, the markets were risk-off. The S&P 500 was down 0.7%, the Dow Jones was down 0.5% and the Nasdaq was down 0.7%.
Investors are now advised to pay close attention to the upcoming US Nonfarm Payrolls, which will be released on Friday, 3 June at 15:30 (GMT+3).
As a friendly reminder, do keep an eye on market changes, control your positions, and manage your risk well.
Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.
Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren
Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein
Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!