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.
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
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