Month: September 2024

Manufacturing PMI 50.5 vs. 51.5 expected and 51.0 prior. Key findings: Increase in new work registered. Output and employment both decline. Confidence in the outlook sinks to lowest of year so far. Comment: Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “The trends in Spain’s manufacturing sector keep showing
UPCOMING EVENTS: Monday: US/Canada Holiday, China Caixin Manufacturing PMI, Swiss Manufacturing PMI. Tuesday: Swiss CPI, Swiss Q2 GDP, Canada Manufacturing PMI, US ISM Manufacturing PMI. Wednesday: Australia Q2 GDP, China Caixin Services PMI, Eurozone PPI, BoC Policy Decision, US Job Openings, Fed Beige Book. Thursday: Japan Average Cash Earnings, Swiss Unemployment Rate, Eurozone Retail Sales,
Goldman Sachs plans to layoff 3-4% of its workforce or between 1300 and 1800 people, according to the WSJ. This shouldn’t come as a surprise as the company trims 2-7% of its workforce annually on performance factors. The layoffs have started and will continue through the autumn. The cutthroat culture finally appears to be making