{"id":102764,"date":"2020-08-04T08:51:42","date_gmt":"2020-08-04T12:51:42","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=102764"},"modified":"2020-08-04T11:26:39","modified_gmt":"2020-08-04T15:26:39","slug":"103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\/","title":{"rendered":"Equities Strong in Asian-Pacific Session: PMI Expansion May Buoy Euro"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400\">Global equities traded higher throughout the Asia-Pacific session<\/span><\/li>\n<li><span style=\"font-weight: 400\">Euro-zone PMI shows good numbers<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The Reserve Bank of Australia decided to hold the official cash rate and three-year yield target at 0.25 Percent; meanwhile, the global equity markets kept climbing higher, and ASX 200 went above 6,050.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The US dollar attempted to regain lost ground against other currencies while gold and silver prices traded steady below their respective monthly highs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">S&amp;P 500 futures are posting the highest level post-crisis, and the yield on US 10-year Treasuries is near 0.55 Percent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Without many other events on the economic calendar today, all eyes will be on Canadian manufacturing PMI and US factory orders.<\/span><\/p>\n<h2><b>Euro Trades Strong after Eurozone Manufacturing PMI<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The IHS Markit Euro-area manufacturing PMI for July showed expansionary reading for the first time in the last year-and-a-half. Only Greece and the Netherlands have registered PMI readings below 50.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The report said that the output and demand continued to recover as the easing of restrictions progressed; also, it said, production was growing at the fastest rate over two years, helped by the surge in demand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But, it also cautioned that the fall in employment is sharp, the report said:<em> &#8220;marked the fifteenth successive month that employment has fallen, with the degree of job shedding again considerable and historically sharp.&#8221;<\/em><\/span><\/p>\n<p><span style=\"font-weight: 400\">IHS Markit Chief Business Economist Chris Williamson said that job losses are higher than any time since 2009 and it, along with the ongoing struggle against the virus, would restrain the recovery.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Traders will be wary of being very bullish in this scenario, and measures like lockdown can affect the current bullishness, bringing back the risk-off sentiments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the upcoming June retail sales data shows a better-than-expected increase in consumer spending, Euro will find further support in its bullishness along with the European equities.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global equities traded higher throughout the Asia-Pacific session Euro-zone PMI shows good numbers The Reserve Bank of Australia decided to hold the official cash rate and three-year yield target at 0.25 Percent; meanwhile, the global equity markets kept climbing higher, and ASX 200 went above 6,050. The US dollar attempted to regain lost ground against [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5754,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380],"tags":[],"class_list":["post-102764","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equities Strong in Asian-Pacific Session: PMI Expansion May Buoy Euro - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Equities Strong in Asian-Pacific Session: PMI Expansion May Buoy Euro\",\"datePublished\":\"2020-08-04T12:51:42+00:00\",\"dateModified\":\"2020-08-04T15:26:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/\"},\"wordCount\":306,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/twldnofficecontactpage2x-100.jpg\",\"articleSection\":[\"EUR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103767-equities-strong-in-asian-pacific-session-pmi-expansion-may-buoy-euro\\\/\",\"name\":\"Equities Strong in Asian-Pacific Session: PMI Expansion May Buoy Euro - 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