The Global Economy

The next 19 hours are going to be critical for the global economy

Earlier we pointed out that there's mounting evidence that the entire world economy, not just the Eurozone, is rolling over.

Business Insider,

1 May, 2012

Well we're about to find out a lot more.

It's PMI day, the day when countries all around the world have their PMI data released.

We'll start things off at 10:00 AM ET, when the US ISM number comes out.

Then it restarts tonight, when Japan, Korea, Taiwan, and China come out, and then it continues until tomorrow morning.

As for today's US ISM, analysts are expecting a reading of 53.0 down from 53.4 last month.

But since so many regional Fed surveys have been weak, there's a lot of murmuring that it could be weak.

From Markit, here's a schedule of the forthcoming releases (all times are UK time)

01 May 2012

01:00 Netherlands: NEVI Netherlands Manufacturing PMI

07:00 Ireland: NCB Republic of Ireland Manufacturing PMI*

09:30 UK: Markit / CIPS UK Manufacturing PMI*

14:30 Canada: RBC Canada Manufacturing PMI

02 May 2012

00:15 Japan: Markit Japan Services PMI*

00:15 Japan: Markit Japan Composite PMI*

01:00 South Korea: HSBC South Korea Manufacturing PMI

03:00 Taiwan: HSBC Taiwan Manufacturing PMI

03:30 China: HSBC China Manufacturing PMI

05:00 Indonesia: HSBC Indonesia Manufacturing PMI

06:00 India: HSBC India Manufacturing PMI

06:00 Russia: HSBC Russia Manufacturing PMI

08:00 Poland: HSBC Poland Manufacturing PMI

08:00 Turkey: HSBC Turkey Manufacturing PMI

08:15 Spain: Markit Spain Manufacturing PMI*

08:30 Czech Republic: HSBC Czech Republic Manufacturing PMI

08:45 Italy: Markit / ADACI Italy Manufacturing PMI*

08:50 France: Markit France Manufacturing PMI*

08:55 Germany: Markit / BME Germany Manufacturing PMI*

09:00 Eurozone: Markit Eurozone Manufacturing PMI*

09:00 Greece: Markit Greece Manufacturing PMI*

09:30 UK: Markit / CIPS UK Construction PMI

10:00 Australia: AiG and PricewaterhouseCoopers PMI

14:00 Brazil: HSBC Brazil Manufacturing PMI

16:00 Global: JPMorgan Global Manufacturing PMI