The Prospect of Financial and Economic data Today: the National New Office held a press conference to introduce the development of the industrial communications industry in the first quarter of 2020 and answer questions from reporters.

Published: Apr 23, 2020 00:00
Source: SMM

SMM4, 23 Jun: the Information Office of the State Council held a press conference today, inviting Huang Libin, spokesman of the Ministry of Industry and Information Technology and director of the Bureau of Operation Monitoring and Coordination, and Wen Ku, spokesman and director of the Department of Information and Communications Development, to introduce the development of the industrial communications industry in the first quarter of 2020 and answer questions from reporters.

In terms of data,

Germany May Gfk consumer confidence index, consumer confidence is the leading indicator of consumer spending, and consumer spending is the most important part of the overall economic activity. The rise in consumer confidence indicates an increase in future spending, conducive to economic growth and good for the euro.

The initial value of Markit manufacturing PMI in Germany in April is a measure of the level of purchasing manager activity in the manufacturing sector. Any index above 50 indicates expansion, and less than 50 indicates reduction. It illustrates the health and output growth of German manufacturing.

The initial value of Markit manufacturing PMI in the euro area in April, the manufacturing purchasing manager index (PMI) is a measure of the level of purchasing manager activity in the manufacturing industry. Any index above 50 indicates expansion, and less than 50 indicates reduction. It illustrates the health and output growth of manufacturing in the eurozone.

As of April 18, the number of initial claims for unemployment benefits in the United States (10,000), because the data are released every week, is the focus of the investment market, the sharp increase in unemployment, the United States government's financial pressure has also increased, for the "double deficit terminal disease" of the U. S. economy is also a test, bad for the dollar.

The initial value of manufacturing PMI in the US Markit in April is a leading indicator of the state of the economy as companies respond quickly to market conditions. By observing the changes in such data, foreign exchange investors judge the outlook for the US economy, which in turn affects the trend of the foreign exchange market.

The annualised total number of new home sales (10,000 households) after the March quarterly survey in the United States is a leading indicator of economic health as home sales trigger a wide range of effects. For example, buyers buy furniture and appliances, financial banks sell mortgage vouchers, and intermediary fees

Important financial data for today:

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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