What is it? It checks the level of an index based on interviewed purchasing managers in the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

Usual Effect: If the actual number is bigger than the forecast, you can expect the CNY to rise.

When? Today (29.9) at 9:45pm Eastern Time.

 

 Trading Tip: It's a good day to trade in CNY.

 

Other top stories: 

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Stock Market Doing Well

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  • US stocks are now pretty stable after a big fall on Thursday.

  • The Nike share (NKE) rose by about 7% after they announced that their online sales jumped by 70% in the past quarter.

  • Micron Technology shares (MU) were also rising by about 5%.

  • European and Asian markets were doing pretty badly today, although not terrible.

  • Australian markets were doing very badly.

 

Other top stories: 

Dollar Keeps Climbing

Unemployment Claims Announcement

Panic in the Apple World

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  • The US dollar was climbing against other currencies recently.

  • Gold prices were dropping by about 1%.

  • Shares in Apple (AAPL, Tech30) were showing signs of weakness after the company withdrew its latest software update following widely reported technical problems. Social media is also buzzing over customer reports that the new iPhone 6 Plus is bendable.

  • European stocks were overall good and are expected to mostly do well.

 

Other top stories today: 

Unemployment Claims Announcement

Panic in the Apple World

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