The weakness of the student cast a shadow over the European and the German manufacturing sector
The weakness of the student cast a shadow over the European and the German manufacturing sector
The weak global demand a significant impact on the German economy for this month While Germany has been able to escape the global headwinds through 2015 and maintain the pace of expansion in the fourth quarter but earlier this year the results were negative. Slipping German gross PMI from Market / BME to 53.8 for this period, although it was expected to 54.1 and previous reading to 54.5 As for the German manufacturing PMI from Market / BME also retreated to 50.2, although it was expected to register 51.9 and registered 52.3 previously. The services sector rose Conversely, where managers' index record purchases of the German services sector from Market / BME as a result of a higher expectation of 54.1 and previous reading which scored 54.5 to score from 55.1 now.
French economy showed signs of weakness this month, falling economic activity to the lowest level since. It lowered the French purchasing managers' index from Market total to 49.8 for this period even though it was expected 50.3 and previous reading to 50.2. Also fell PMI for the services sector from Market French index to 49.8 for the period to 49.8, despite expectations that the previous reading was referring to 50.3. While the French manufacturing PMI from Market came above expectations, which pointed to a previous 49.9 reading which scored 50.0 to score from 50.3 now.
The results were a bus negative news for the euro area where the total PMI from Market euro zone fell to 52.7 for this period despite the fact that expectations were referring to the previous reading of 53.3 to 53.6. As for the PMI for manufacturing materials sector index in the euro zone also retreated to 51.0, despite expectations that they refer to the previous 52.0 reading to 52.3. The purchasing managers' index for the services sector declined in the euro area from Market to 53.0 despite the fact that expectations were referring to the previous reading of 53.4 to 53.6.
Governor of the Central Bank of Egypt said in his television interview that Egypt's central bank is seen to float the possibility of the country's currency when foreign reserves of up to twice the current level. The Tarek Amer's comments are not only clear signal that the central bank has no intention yet of the devaluation of the Egyptian pound at the present time, in spite of the increasing analysts' expectations that such an imminent move and perhaps necessary to attract new investments. And when he was asked if he thinks the float the pound at the moment, Amer said no not at all, I'll think about it when you reach precautions to 25-30 billion US dollars. Amer said that the government is not considering a sale of state-owned banks.
I headed stocks in Dubai to enter the bull market, after rising general index in the emirate, the lowest level since 2013. The general index of the Dubai Financial Market rose as much as 2.1 percent to 3,157.48 as of 12:44 am local time and thus to raise its gains since January 21 to the bottom 20%. This progress was boosted by shares of Emaar Properties as much as 2.1 percent, the company responsible for the reconstruction of the skyscraper in Dubai known as Khalifa Tower.
