China's manufacturing sector has shown signs of growth for the second consecutive month in April 2024, with the official manufacturing purchasing managers' index (PMI) standing at 50.4, indicating a slight expansion in factory activity.
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In the United States, a number of important economic indicators are due in the coming week that will have a significant impact on market momentum.
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Japan experienced an accelerated business expansion in August, primarily driven by strong growth in its service sector, as indicated by a private survey conducted by au Jibun Bank.
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The pair lost value after PMI data from Germany. It recovered some of losses after CPI data.
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November's ISM PMI report indicated that US services industry activity increased in November, showing that the world's largest economy remains resilient despite growing macro headwinds.
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