{"id":8193,"date":"2023-08-24T06:56:41","date_gmt":"2023-08-24T06:56:41","guid":{"rendered":"https:\/\/www.infinox.com\/fsc\/?p=8193"},"modified":"2024-01-09T01:24:40","modified_gmt":"2024-01-09T01:24:40","slug":"ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens","status":"publish","type":"post","link":"https:\/\/www.infinox.com\/global\/en\/ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens\/","title":{"rendered":"US PMI Miss Boosts Risk Assets, GBP Weakens"},"content":{"rendered":"\n<p>The PMI data showed that the US manufacturing and services sectors contracted in August, suggesting that the economy may be slowing down.<\/p>\n\n\n\n<p>The weaker data boosted risk assets, with US stocks and European stocks rising. The GBP weakened against the <a href=\"https:\/\/www.infinox.com\/fsc\/en\/instruments\/forex\/\" title=\"dollar \">dollar <\/a>and euro, as the weaker PMI data raised concerns about the UK economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Quotes<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;The miss in the PMI data occurred at a time that both the USD and yields were looking stretched in the short-term, so the timing was perfect for seeing downside in both assets.&#8221;<br><br><\/li>\n\n\n\n<li>&#8220;The move lower in the USD and yields providing fantastic opportunities for longs in assets like gold as well as the AUDUSD (which was also supported yesterday by a broad move higher in base metals).&#8221;<br><br><\/li>\n\n\n\n<li>&#8220;The GBP is the weakest of the majors following the very bleak UK PMI data released a bit early yesterday morning, which lowered interest rate expectations for the BoE.&#8221;<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Looking Ahead<\/h2>\n\n\n\n<p>The main highlight on the data side for the rest of the day will be US jobless claims. Any weakness in the data could further boost risk assets and weigh on the dollar.<\/p>\n\n\n\n<p>Traders will also be looking for any important comments coming out from Jackson Hole. The <a href=\"https:\/\/www.federalreserve.gov\/\" title=\"Federal Reserve\">Federal Reserve<\/a>&#8216;s annual economic symposium is taking in Jackson Hole, Wyoming &#8211; any comments from Fed officials could move markets. <\/p>\n\n\n\n<p><em>This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. INFINOX is not authorised to provide investment advice. No opinion given in the material constitutes a recommendation by INFINOX or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.<\/em><\/p>\n\n\n\n<p><em>All trading carries risk.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&amp;P Global Flash PMI data.<\/p>\n","protected":false},"author":28,"featured_media":8194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,79],"tags":[140,138,136],"class_list":["post-8193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-research","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&amp;P Global Flash PMI data.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"INFINOX\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.infinox.com\/global\/en\/ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"INFINOX -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"US PMI Miss Boosts Risk Assets, GBP Weakens - INFINOX\" \/>\n\t\t<meta property=\"og:description\" content=\"The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&amp;P Global Flash PMI data.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.infinox.com\/global\/en\/ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-08-24T06:56:41+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2024-01-09T01:24:40+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"US PMI Miss Boosts Risk Assets, GBP Weakens - INFINOX\" \/>\n\t\t<meta name=\"twitter:description\" content=\"The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&amp;P Global Flash PMI data.\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.infinox.com\\\/global\\\/en\\\/ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens\\\/#blogposting\",\"name\":\"US PMI Miss Boosts Risk Assets, GBP Weakens - INFINOX\",\"headline\":\"US PMI Miss Boosts Risk Assets, GBP Weakens\",\"author\":{\"@id\":\"https:\\\/\\\/www.infinox.com\\\/global\\\/authors\\\/infinox\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.infinox.com\\\/global\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.infinox.com\\\/global\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2023\\\/08\\\/iStock-1247809430.jpg\",\"width\":1254,\"height\":836,\"caption\":\"London, England - April 2019: Close up view of a one pound coin in the British currency. 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INFINOX","twitter:description":"The US Dollar and Treasury yields fell on Thursday after the release of weaker-than-expected US S&amp;P Global Flash PMI data."},"aioseo_meta_data":{"post_id":"8193","title":null,"description":null,"keywords":[],"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"seo_analyzer_scan_date":"2025-08-15 02:15:01","breadcrumb_settings":null,"limit_modified_date":false,"reviewed_by":null,"open_ai":null,"ai":null,"created":"2023-08-25 07:08:02","updated":"2025-11-27 02:43:40"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.infinox.com\/global\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.infinox.com\/global\/en\/ix-intel\/\" title=\"IX Intel\">IX Intel<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.infinox.com\/global\/en\/ix-intel\/research\/\" title=\"Research\">Research<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.infinox.com\/global\/en\/ix-intel\/research\/espresso-morning-call\/\" title=\"IX Daily\">IX Daily<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tUS PMI Miss Boosts Risk Assets, GBP Weakens\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.infinox.com\/global"},{"label":"IX Intel","link":"https:\/\/www.infinox.com\/global\/en\/ix-intel\/"},{"label":"Research","link":"https:\/\/www.infinox.com\/global\/en\/ix-intel\/research\/"},{"label":"IX Daily","link":"https:\/\/www.infinox.com\/global\/en\/ix-intel\/research\/espresso-morning-call\/"},{"label":"US PMI Miss Boosts Risk Assets, GBP Weakens","link":"https:\/\/www.infinox.com\/global\/en\/ix-daily-us-pmi-miss-boosts-risk-assets-gbp-weakens\/"}],"lang":"en","translations":{"en":8193},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/8193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=8193"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/8193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/8194"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=8193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=8193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=8193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}