11 June 2013
PMI data is used by economists to gain insight into underlying condition activity at a quicker timescale than equivalent official data. But could...
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Customer Logins11 June 2013
PMI data is used by economists to gain insight into underlying condition activity at a quicker timescale than equivalent official data. But could...
10 June 2013
Credit underperformed equities on Monday giving back some of the gains triggered by last week's better than expected US jobs report.The Markit...
07 June 2013
Credit markets recouped some of their losses from Thursday following today's publication of US nonfarm payroll figures for May.The US Department...
07 June 2013
"US non-farm payrolls rose 175,000 in May, higher than expectations of 163,000. Ongoing economic growth is creating jobs at a reasonable rate...
07 June 2013
"UK exports fell in April but the underlying trend is one of modest growth, which should help drive a continuation of the economic recovery into...
06 June 2013
"The current protests in Turkey are dominating news headlines at the moment, easily eclipsing the nation's investment grade credit rating uplift...
06 June 2013
"The week sees important releases of official data for the US, China, eurozone and the UK, which will show how four of the world's largest economies...
06 June 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was unchanged from April at 51.4 in May. That was the...
06 June 2013
"The Bank of England's Monetary Policy Committee voted once again to keep policy unchanged at its June meeting, the last presided over by present...
05 June 2013
Wednesday wasn't the greatest day for Credit markets with central bank policies driving spreads wider compared with Tuesday. The Markit iTraxx...
05 June 2013
"The UK economy has moved up a gear with all cylinders now firing. For the first time in a year, manufacturing, services and construction sectors...
05 June 2013
"Having hit a six-month low in April, global economic growth picked up again in May, according to PMI data. The JPMorgan Global PMI, produced...
05 June 2013
"Growth of global economic output accelerated in May, regaining the momentum lost in the previous month. At 53.1, up from 51.9 in April, the...
05 June 2013
The downturn in the eurozone economy eased for the second month running in May. Rates of decline eased for both manufacturing production and...
04 June 2013
The European Securities and Markets Authority has published its response to the European Commission's request for technical advice on the impact...
03 June 2013
"PMI data reveal increasingly divergent trends across manufacturing in Asia during May, with Japan enjoying the strongest growth for almost two...
03 June 2013
"Manufacturing continued to more or less stagnate in May, according to the worldwide PMI surveys. Modest expansions in the US, Japan and the...
03 June 2013
"With only three weeks to go until the Global ABS conference in Brussels, the bullish mood continues to dominate the European ABS market. No...
03 June 2013
"The eurozone manufacturing downturn eased for the first time in four months in May. Moreover, all sub-indices from the latest survey improved...
31 May 2013
Fans of the efficient market hypothesis (EFH) like to ridicule the old trading adage "sell in May and go away". Seasonal effects would soon be...
31 May 2013
"The recent strengthening of Japan's manufacturing sector was sustained in May, with output and orders continuing to rise at solid rates. Solid...
30 May 2013
"Volatility seems to be the new normal in the credit markets as spreads oscillated in a broad range yet again on Thursday, mainly thanks to events...
30 May 2013
"A crammed week for economy watchers includes PMI releases, US non-farm payrolls, and policy announcements at the ECB, Bank of England and Reserve...
29 May 2013
"Trading in the credit markets was expected to be choppy this week, and so it has proved, with the main indices widening significantly today.The...
29 May 2013
"A disappointing CBI surveys paints a picture of falling retail sales in May, but the outlook is one of modest sales growth in coming months....
29 May 2013
"A gloomy OECD has trimmed its global growth forecast once again. The organisation now expects the global economy to grow by just 3.1% this year...
28 May 2013
The long weekend in the UK and US appeared to have a soothing effect on credit markets as spreads rallied in tandem with equities. European investors...
28 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
28 May 2013
"PMI data reveal strongly divergent trends within manufacturing in Asia. While China's goods-producers suffer from falling export demand, Japan's..."...
24 May 2013
"Don't be too timid and squeamish about your actions. All life is an experiment." Central bankers across the world have heeded Ralph Waldo Emerson's......
24 May 2013
"More guidance on the health of the global economy in the first quarter will be provided by the publication of gross domestic product data for...
24 May 2013
"Survey data from IFO pointed to reasonable growth of the German economy in the second quarter, but recent falls in stock markets may dent business..."...
24 May 2013
"Business confidence remained firmly in the doldrums in May, according to INSEE. The survey data correspond with the flash PMI from Markit, which...
23 May 2013
"Volatility was back on Thursday after the markets changed their position on the likely direction of US monetary policy.Ben Bernanke, the chairman...
23 May 2013
"The Markit Flash U.S. Manufacturing PMI fell for the second month running in May, falling to its lowest reading since last October. At 51.9...
23 May 2013
"The Markit Eurozone PMI Composite Output Index rose to a three-month high in May, but remained deep in contraction territory. According to the...
23 May 2013
"The HSBC China Manufacturing PMI fell to 49.6 in May from 50.4 in April, according to the flash estimate produced by Markit. The sub-50 reading...
22 May 2013
Ben Bernanke gave further impetus to the rally in risk assets following his opening statement to Congress today.The Federal Reserve Cchairman...
22 May 2013
A weather-related drop in retail sales in April brings a reminder that the economy remains in a fragile state. It is likely that spending will...
21 May 2013
Earnings filled the information void ahead of keenly awaited statements from central banks on Wednesday.Carnival Corp was a notable underperformer...
20 May 2013
Financial CDS were in focus on Monday amid news that a change in International Swaps and Derivatives Association documentation could affect the...
20 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
17 May 2013
"Ireland's CDS spreads hit 138bps on Friday, their tightest level for more than three years, an apparent market endorsement of the government's...
17 May 2013
Worldwide steel-using firms reported a weaker expansion of output during April. The latest data from Markit showed that production at intensive...
16 May 2013
The flash PMIs from Markit will provide guidance on the health of the world's three largest economies in May. Recent PMI data have indicated...
16 May 2013
"Official data confirmed the upbeat message from recent PMI surveys, indicating that Japan has surged out of recession. Gross domestic product...
15 May 2013
Oil companies were in focus on Wednesday after it was revealed that several firms are under investigation by the European Commission. The EC...
15 May 2013
"A tangled web of official data once again sent mixed messages about the health of the UK economy. However, most of the disappointments came...
15 May 2013
"The eurozone's two largest economies fared worse than expected at the start of the year, piling further pressure on the ECB to act soon to do...
15 May 2013
"The eurozone economy contracted for the sixth successive quarter at the start of 2013, with gross domestic product declining 0.2% in the three...
15 May 2013
"Canadian manufacturing shipments fell 0.3% in March, down to $49.5bn. Although the contraction was only marginal, it was a marked contrast to...
14 May 2013
"Spreads bounced back from a slow start and resumed the rally that was cut short over the last week, with concerns over rising Japanese government...
14 May 2013
"Comparisons of developed world manufacturing economies, which includes data up to March 2013 for the US, UK, Japan, the eurozone and the individual..."...
14 May 2013
"Eurozone industrial production rose surprisingly strongly in March, but divergent trends within the region and recent weak business surveys...
13 May 2013
Credit started the week on the back foot amid reports the Federal Reserve is preparing plans to scale back its quantitative easing programme.The...
13 May 2013
"The US Fed will be reassured by better than expected sales growth in April, but will be cautious about reading too much into one month's data....
13 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
10 May 2013
"Portugal captured fewer headlines than its Iberian neighbour, Spain, but it was the main focus of the sovereign CDS market in what was a quiet...
10 May 2013
"UK trade data add to signs that the manufacturing sector is finding its feet again, buoyed by a rise in exports of goods, which jumped almost...
09 May 2013
"Commodity names widened on Thursday as high-beta credits gave back some of their gains from recent weeks, but one name that bucked the trend...
09 May 2013
"The week sees a vast amount of data released, including euro area and Japanese GDP, updates on retail and industrial growth in China, inflation...
09 May 2013
"UK factories stepped up a gear in March, boosting production for a second successive month. With surveys indicating that growth gained further...
09 May 2013
"The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its May meeting, with interest rates held at 0.5% and its...
08 May 2013
"Government data showed an improved performance of the German industrial sector in March, led by a strong upturn in manufacturing. However, the...
08 May 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell to 51.3 in April, from March's 52.5. That signalled...
08 May 2013
"China's official data showed an upturn in growth of both imports and exports in April, but the volatile data disguise a trend of slowing growth...
07 May 2013
Central bank activism and surprisingly good economic data helped the credit markets continue to rally after a long bank holiday weekend in London.The......
07 May 2013
"Consumer spending fell in April, contrasting with marked growth seen in each of the previous three months. The Visa Europe: UK Expenditure Index...
07 May 2013
"The JPMorgan Global PMI, compiled by Markit, fell from 53.0 in March to 51.9 in April, indicating the weakest pace of worldwide economic growth...
07 May 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
07 May 2013
"The Markit/JMMA Japan PMI surveys point to an ongoing growth spurt in the Japanese economy in April, albeit with growth tapering off slightly...
03 May 2013
Global credit markets enjoyed a solid end to the week as the effects of the ECB's rates cuts yesterday became more apparent. The Markit iTraxx...
03 May 2013
"Services PMI data from Markit for the Eurozone and major emerging markets are released at the start of the week, followed by official industrial...
03 May 2013
The three UK PMI surveys collectively signaled the fastest rate of economic growth for eight months in April. The improvement reflected a strengthening......
03 May 2013
"Official data show far stronger than previously thought job creation in the US, reducing the need for additional stimulus from the Fed. However...
02 May 2013
"April data from HSBC signalled only a slight improvement of operating conditions in the Chinese manufacturing sector, as output and new orders...
02 May 2013
"The JPMorgan Global Manufacturing PMI - compiled by Markit - came in at 50.5 in April, down to a four-month low from 51.1 in March to signal...
02 May 2013
"Eurozone manufacturing started the second quarter of 2013 on a weak footing, with conditions in the sector deteriorating at the sharpest pace...
02 May 2013
"At last, the fastest contracting region in the world no longer has the highest central bank policy rate of all major developed economies. A...
02 May 2013
"The European Central Bank today announced cuts to refinancing and marginal lending rates to record lows of 25bps and 50bps, respectively. A...
01 May 2013
"The May Day holiday in several European counties ensured that credit trading volumes were subdued, and tomorrow's ECB meeting also kept spreads...
01 May 2013
"The UK manufacturing sector showed signs of stabilising at the start of the second quarter of 2013, as levels of production and new orders rose...
01 May 2013
Sterling jumped 0.3% after April's Markit/CIPS Manufacturing PMI came in above expectations. The near-stabilisation of the manufacturing economy...
30 April 2013
Since the handling of the Italian and Cyprus crises there has been very little volatility in the European ABS market. April saw spreads tightening...
30 April 2013
A modest improvement of Japanese manufacturing operating conditions was signalled during April. Led by a strong performance from investment goods......
29 April 2013
"Credit kicked off the week in a committed fashion, with spreads continuing to tighten and the rally gaining strength throughout the day. The...
29 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
26 April 2013
"Monetary policy meetings at the Fed and ECB are scheduled for a busy week which also features Markit's worldwide manufacturing and service sector...
26 April 2013
"The US economy expanded at a slower-than-expected rate in the first quarter. Gross domestic product rose at an annualised rate of 2.5%, up sharply...
25 April 2013
A mixed day for corporate results couldn't prevent credit spreads continuing their inexorable move tighter on Thursday.Unilever's sales figures......
25 April 2013
The UK avoided sliding into its third recession in five years by growing more than expected in the first quarter. The likelihood of policy action...
25 April 2013
A further illustration of the crisis engulfing the Spanish economy was provided today by the latest quarterly labour market statistics release.......
24 April 2013
"UK retailers reported a drop in sales on average for the first time in eight months in April, and the outlook for sales in the coming month...
24 April 2013
A second successive monthly drop in the IFO survey adds to the PMI's message that the German economy could see a weakening of growth or even...
23 April 2013
Signs that the eurozone economy continues to stagnate didn't deter the onward march of risk assets on Tuesday.The Markit Flash Eurozone PMI came...
23 April 2013
"Weaker than expected flash PMI surveys from Markit for China, the US and the euro area have led to increased worries about the global economy.Download...
23 April 2013
"The Markit Flash US Manufacturing Purchasing Managers' Index (PMI) fell to its lowest reading in six months during April. At 52.0, the flash...
23 April 2013
"The HSBC Manufacturing PMI fell from 51.6 in March to 50.5 in April, according to the flash estimate produced by Markit, only a shade higher...
23 April 2013
"The Markit Eurozone PMI Composite Output Index was unchanged on March's reading of 46.5 in April, according to the flash estimate. The sub-50...
22 April 2013
"Gold miners were among the strongest performers today, though they have considerable ground to make up for the damage wrought in recent weeks.Their..."...
22 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
22 April 2013
"Output growth at global metal-using firms was sustained at a solid pace in March, according to the latest Metals PMI data from Markit. This...
19 April 2013
"Only weeks ago leveraged buyout fever was sweeping through the credit markets. But the boom hasn't yet materialised, and the company that triggered...
19 April 2013
The preliminary estimate of first quarter gross domestic product (GDP) on Thursday will reveal whether the UK has slipped into a triple-dip recession....
18 April 2013
There was some relief for Cyprus today as German MPs approved the €10bn of EU/IMF loans to the Cypriot government, giving the green light for...
18 April 2013
"Despite falling in March, which was in part attributable to bad weather, UK retail sales returned to growth in the fourth quarter, adding to...
17 April 2013
"Credit markets remained resilient against stock market volatility today, and nowhere was that more evident than among European carmakers.News...
17 April 2013
"Bleak looking labour market data raise the prospect of the Bank of England stepping up its asset buying programme in May. Employment fell, unemployment..."...
16 April 2013
Robust earnings in the US helped markets consolidate following the tragic bombings in Boston and the ongoing sell-off in commodities.Goldman...
16 April 2013
"Strong industrial production and housing data suggest that the US economy saw a robust end to the first quarter, but nagging doubts persist...
16 April 2013
UK inflation remained well above its 2.0% target in March and looks set to increase further in coming months. Although recent falls in commodity...
16 April 2013
"Oil prices have fallen sharply, with Brent crude dropping below $100 per barrel for the first time since last July and West Texas Intermediate...
16 April 2013
"The International Monetary Fund cut its global growth forecast for this year from 3.5% to 3.3%, barely any stronger than the 3.2% expansion...
16 April 2013
"Inflation has eased in the Eurozone to its lowest since August 2010, giving the ECB more leeway to cut interest rates and revive a region that...
15 April 2013
Disappointing economic data from China led to risk assets starting the week on the back foot.Growth in the world's second-biggest economy slowed...
15 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
15 April 2013
"Official data brought disappointing news on the performance of the world's second largest economy at the start of 2013, with economic growth...
12 April 2013
"The current credit market rally came to a halt today, falling just short of completing its 10th day.But it would be no surprise to see spreads...
12 April 2013
"A busy week for economy watchers starts with first quarter GDP data for China, which are likely to confirm earlier signals from the PMI surveys...
12 April 2013
"Lower consumer confidence looks to have resulted in a drop in US retail sales in March, raising the prospect that the economy is slowing as...
12 April 2013
"Eurozone industry picked up in February, but the underlying trend in the official data is still one of a sector in decline and in line with...
12 April 2013
A downturn in the construction sector has added to the risk of having slid back into recession in the first quarter. UK construction industry...
11 April 2013
Marks & Spencer revealed fourth-quarter sales figures on Thursday, but credit investors remained firmly focused on the possibility of a leveraged...
10 April 2013
""Human error" was to blame for an early release of the latest policy minutes, according to the Federal Reserve, but markets weren't complaining.Stocks...
09 April 2013
"Events in Asia continue to shape spread direction across the globe, helping credit markets to outperform equities.The Markit iTraxx Europe was...
09 April 2013
"Industrial production rebounded in February after having suffered a shock fall in January, greatly reducing the likelihood of the UK sliding...
09 April 2013
"Downward trends in manufacturing output, industrial production and exports have eased in recent months, adding to signs that the German economy...
09 April 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
08 April 2013
"The passing of former Prime Minister Margaret Thatcher is dominateding UK headlines today, and pushing economic matters into the background.Thatcher..."...
05 April 2013
"After the drama of the Cyprus bailout, it was back to focusing on economic fundamentals in the sovereign market on Friday.The eurozone economy...
05 April 2013
"The week sees important indications of industrial performance in the UK and eurozone, which are likely to show weak trends, as well as retail...
05 April 2013
"The rate of unemployment in the US fell to 7.6% in March, dropping for the second successive month to its lowest since December 2008. Non-farm...
04 April 2013
It was all about central banks today as the Bank of Japan deployed its full arsenal while the ECB held its fire.Expectations were high that the...
04 April 2013
A gathering upturn in the service sector in March looks to have helped the UK avoid a triple-dip recession by the narrowest of margins.Download...
04 April 2013
There has been no avoiding the situation in Cyprus in recent weeks. Who would have thought that such a small country with mainly Russian capital...
04 April 2013
"At 46.5 in March, the final Markit Eurozone PMI" Composite Output Index was unchanged on the flash reading, confirming that the rate of decline...
04 April 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, was little-changed from February's 52.4 in March, posting...
04 April 2013
"The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its April meeting. The decision is likely to have been a close...
03 April 2013
"A worse than expected leading indicator in the US knocked sentiment on Wednesday, though the markets were more concerned with crucial central...
03 April 2013
HSBC China Composite PMI data (which covers both manufacturing and services) signalled a further expansion of output during March. Activity has...
03 April 2013
"The Japanese service sector expanded in March at the quickest rate in over five years of data collection, as confidence improved and market...
02 April 2013
Telecoms credits were under scrutiny on both sides of the Atlantic in a relatively quiet post-Easter trading day.Vodafone was reported to be...
02 April 2013
"At 51.2 in March, up slightly from 50.9 in February, the JPMorgan Global Manufacturing PMI - a composite index produced by JPMorgan and Markit...
01 April 2013
"The final Markit U.S. Manufacturing Purchasing Managers' Index posted 54.6 in March, signalling a further improvement in overall U.S. manufacturing..."...
28 March 2013
"If one wanted to make a bet at the end of 2012 that a eurozone country would impose capital controls before the end of the first-quarter 2013...
28 March 2013
A public holiday in Europe on Monday means a staggered release of the March PMIs over the week. The publication of US and emerging market manufacturing......
28 March 2013
"The US economy grew more than first thought in the final quarter of last year, though slightly less than economists had been hoping. The annualised...
28 March 2013
Growth in service sector activity at the start of the year has greatly reduced the risk of the UK falling back into a triple-dip recession. The...
27 March 2013
Slovenia is suffering in the capital markets today amid speculation on which country will be the next bailout recipient. The Balkan sovereign...
27 March 2013
"Final data for the fourth quarter of last year show an economy suffering from the headwinds of falling exports, declining business investment...
25 March 2013
"A bailout for Cyprus was agreed in the early hours of Monday, an expected but still welcome development. However, a consequent revival of risk...
22 March 2013
England takes on San Marino tonight in the archetypal "David v Goliath" football fixture. The result is all but inevitable - the microstate has...
22 March 2013
"With Cyprus adding to uncertainty caused by the Italian elections, analysts will be watching the European Commission consumer and business sentiment..."...
22 March 2013
The expansion of the U.S. manufacturing sector strengthened to the second-fastest pace in almost a year during March. This was signalled by the...
22 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
22 March 2013
"It was only a small decline, but the first drop in the IFO survey's business expectations index adds to signs that the German economy is slowing...
21 March 2013
"The risk of the UK sliding into a triple-dip recession have fallen sharply following news of a rebound in retail sales, rising tax revenues...
21 March 2013
"The HSBC Manufacturing PMI rose to 51.7 in March, according to the flash estimate produced by Markit, rebounding from February's four-month...
21 March 2013
"The Markit Eurozone PMI Composite Output Index fell from 47.9 in February to 46.5 in March, according to the flash estimate. The decline signalled...
21 March 2013
The credit markets lost ground on Thursday amid ongoing nerves surrounding Cyprus and disturbing economic news from the eurozone.The ECB cranked...
20 March 2013
Official data once again provided a mixed picture of the health of the labour market data . Some reason to cheer came from a further rise in...
20 March 2013
The Cypriot bank levy saga continued to occupy headlines on Wednesday after the national parliament blocked the proposal. The vote was held yesterday...
19 March 2013
"It was all Cyprus again in the markets today, though the mood was one of cautious trepidation rather than panic.Credit and equity were both...
19 March 2013
"Inflationary pressures picked up in February, not just at the retail level but also in the supply chain. Alongside some signs of underlying...
18 March 2013
It was almost like the good - or bad - old days in Europe today when an EU bailout plan for Cyprus sent shockwaves through the market.The bailout...
18 March 2013
"UK business confidence has picked up compared to late last year, according to the latest Markit Business Outlook Survey. Growth in export markets...
18 March 2013
"This release contains the March findings from the Markit Household Finance Index, which is intended to anticipate changing consumer behaviour...
18 March 2013
"Worldwide business confidence has revived from the post-crisis low seen late last year, with expectations of business activity, revenues and...
18 March 2013
Business confidence in Japan has risen to its highest seen since the recovery began from the global financial crisis in 2008-09.Download full...
18 March 2013
The latest Markit Business Outlook survey signals an improvement in prospects among US manufacturers and services companies in early 2013 compared...
18 March 2013
Expectations regarding business activity over the next 12 months have strengthened across the Eurozone compared with the previous survey conducted...
18 March 2013
"An upturn in business optimism in China to its highest for two years and sustained positive sentiment in Brazil, India and Russia adds to evidence...
15 March 2013
"In what may be a turbulent week for sterling, the UK Chancellor sets out his fiscal policies in his Budget on Wednesday, which should also include...
15 March 2013
"US industrial production rose 0.7% in February, led by a 0.8% increase in manufacturing output. Analysts had been expecting increases of just...
15 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
15 March 2013
"A jump in gasoline prices meant US consumer prices rose more-than-expected in February, showing the largest monthly increase since June 2009....
15 March 2013
It's the middle of March and that means one thing in the CDS market: index rolls.The final lists for the roll of the Markit iTraxx indices were...
14 March 2013
"China and the Catholic Church both welcomed new leaders and scientists claimed they had found the "God particle", but things were rather more...
13 March 2013
It was a tale of two auctions on Wednesday as the credit divergence in the periphery was laid bare.Italy faced a relatively tough challenge when...
13 March 2013
"Total retail sales in the US were expected to have increased by 0.5%, with core sales (which exclude autos, gas stations and building materials)...
13 March 2013
"Eurozone industry fared worse than expected in January, but the underlying trend in the sector is one of a moderating, albeit still severe,..."...
12 March 2013
"China's plans to expand its economic influence overseas are now well-established, and the CDS market today provided further evidence of its...
12 March 2013
"Industrial production suffered a shock fall in January, led down by a steep drop in oil and gas extraction and a slump in manufacturing output....
11 March 2013
"Weak Chinese economic data and a ratings downgrade for Italy had a limited negative impact on Monday, with markets still enjoying a lift from...
08 March 2013
"In the US, February retail sales and the University of Michigan's preliminary estimate of consumer confidence in March are likely to show that...
08 March 2013
"U.S. non-farm payrolls rose by 236,000 in February, smashing through market expectations of a rise of 160,000. Even though January's total was...
08 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
08 March 2013
"After a downbeat end to 2012, regional PMI data produced by Markit indicated a brighter start for 2013 in Bavaria's business sector. The Free...
08 March 2013
"Data from the Bank of England showed inflation expectations rising in February. Inflation in 12 months' time is expected to be running at 3.6%...
07 March 2013
"Positive news on eurozone sovereigns helped the current rally in risk assets continue today, in spite of yet another month of inaction by the...
07 March 2013
"The European Central Bank left interest rates unchanged at its March policy meeting, disappointing the minority of analysts that had been expected...
07 March 2013
The Bank of England's Monetary Policy Committee voted to keep policy unchanged at its March meeting. Signs of better growth in the service sector...
06 March 2013
"Credit indices displayed mild tightening on Wednesday as Eurostat, the statistical office of the European Union, published Q4 GDP figures for...
06 March 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, fell from 53.8 in January to 52.3 in February. That...
05 March 2013
Risk appetite had the upper hand on Tuesday as decent corporate results and better than expected economic data boosted sentiment. Commodity names...
05 March 2013
Worries about a triple-dip recession in the UK have been softened as service sector companies reported the strongest upturn in business activity...
05 March 2013
"Global economic growth slowed to a four-month low in February, according to the JPMorgan Global PMI, a survey-based leading indicator of worldwide...
05 March 2013
"Having fallen below $1.50 for the first time in just over two years on Friday due to much weaker-than-expected manufacturing PMI data, sterling...
05 March 2013
"Business confidence in Japan has surged to a five-and-a-half year high, fuelled by expectations of economic recovery following the government's...
05 March 2013
"A new analysis of PMI data indicates that Irish exporters have consistently outperformed their non-exporting counterparts since the financial...
05 March 2013
"At 47.9 in February, the Markit Eurozone PMI Composite Output Index came in above the earlier flash estimate of 47.3 but remained down on January's...
01 March 2013
"A crowded week for economy watchers includes the worldwide service sector PMIs, US non-farm payrolls, a wealth of indicators for China, fourth...
01 March 2013
"The UK manufacturing sector lost considerable momentum during February, with output, new orders and employment all posting net reductions since...
01 March 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
01 March 2013
"Growth of the global manufacturing sector was maintained in February, although the rate of improvement eased from the start of the year and...
01 March 2013
"At 47.9 in February, up slightly from a flash reading of 47.8, the seasonally adjusted Markit Final Eurozone Manufacturing PMI was unchanged...
01 March 2013
Data derived from the Markit Eurozone Manufacturing PMI survey shows a clear divergence between the performance of exporting companies and those...
28 February 2013
Argentina replaced Italy as the credit market's focal point after the country's stand-off with holdout creditors intensified. The government's...
28 February 2013
The US economy is estimated to have grown at an annualised rate of 0.1% in the final quarter of last year rather than having contracted 0.1%...
28 February 2013
"As with the rest of the credit market, the European ABS market has been volatile during February. The last quarter started bullish but major...
27 February 2013
Global credit markets took a breather on Wednesday from the contagion unleashed by Italy's political turmoil. Dovish comments from Federal Reserve...
27 February 2013
"The UK economy contracted 0.3% in the final quarter of last year, but is now estimated to have grown in 2012 as a whole rather than stagnated...
26 February 2013
"Negative catalysts have been few and far between in recent months, but one arrived with a vengeance this week in the form of an inconclusive...
25 February 2013
"Indications that a pro-reform government may win the Italian general election boosted risk assets today, though there remains considerable scope...
25 February 2013
"There was little evidence of the government's Funding for Lending Scheme driving more bank lending in January, according to statistics from...
25 February 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
25 February 2013
"The HSBC Manufacturing PMI fell from a two-year high of 52.3 in January to 50.4 in February, according to the flash estimate produced by Markit....
22 February 2013
"France and Germany have always been at the core of the eurozone, and the EU project as a whole. But the core is showing signs of splitting in...
22 February 2013
"The week starts with the release of the flash manufacturing PMI for China on Monday and ends with worldwide final PMI releases on Friday. However...
22 February 2013
A downward revision to the European Commission's economic growth forecasts for the eurozone suggest that governments will be given more time...
21 February 2013
Shareholder-friendly actions combined with macroeconomic concerns to send credit spreads into retreat on Thursday.Leveraged buyouts have become...
21 February 2013
"Government borrowing figures were much better than expected in January but, with just two months of the tax year remaining, borrowing is still...
21 February 2013
"The Markit Flash U.S. Manufacturing PMI signalled further expansion of the manufacturing sector in February, although the rate of growth slowed...
21 February 2013
"The Markit Eurozone PMI" Composite Output Index fell to 47.3 in February from 48.6 in January, according to the flash estimate. The decline...
20 February 2013
Dutch telecoms operator KPN was today's strongest performer in the European investment grade market - thanks to Mexican billionaire Carlos Slim....
20 February 2013
The head scratching intensifies as data show employment rising to a new all-time high at the same time as the economy contracted at the end of...
20 February 2013
The Markit US ABS Pricing Sector Yield Summary gives a weekly snap shot of the US Non-Agency RMBS market. Our yield calculations are based on...
19 February 2013
"US office suppliers don't capture many headlines, but they were in focus today amid LBO and M&A speculation.Office Depot, the second-largest...
19 February 2013
PMI data from Markit can be used to gain an insight into the auto sector's demand for raw materials such as metals and its relative performance...
18 February 2013
Cyprus' spreads rallied significantly in a day becalmed by the school half-term in the UK and the Presidents' Day holiday in the US.The Mediterranean......
15 February 2013
The health of the global economy in February will come into focus with the publication of the flash PMIs on Thursday. The Markit-produced business...
15 February 2013
"Industrial production fell 0.1% in January, confounding analysts' expectations of a 0.2% increase. The downturn was led by a 0.4% drop in manufacturing..."...
15 February 2013
"Widespread heavy snowfall deterred high street shoppers in January, causing retail sales to drop 0.6% during the month, also down 0.6% on a...
14 February 2013
Heinz bondholders experienced a major St Valentine's Day letdown after a deal was struck to take the company private.The food company agreed...
14 February 2013
"Eurozone GDP contracted 0.6% in the final quarter of 2012, a steep contraction that was identified by PMIs well in advance of official data....
13 February 2013
"The Bank of England revised down its growth forecasts in its latest quarterly Inflation Report and hiked its expectations for inflation. However...
13 February 2013
"Industrial production rose across the euro area in December, but the increase follows steep falls in each of the previous three months and care...
13 February 2013
Cable TV operators are hot property in Europe at the moment and it seems another major firm in the sector could be an acquisition target.Vodafone...
12 February 2013
"Italian corporates remained under more pressure than a papal conclave on Tuesday, bucking the rally in the broader market.Telecom Italia was...
12 February 2013
"UK inflation remained stuck at 2.7% for the fourth month running in January, according to the Office for National Statistics. Retail price inflation...
11 February 2013
Risk appetite receded slightly in a trading day subdued by pre-election jitters in Italy and holidays in the Far East.The Markit iTraxx Europe...
11 February 2013
"The French industrial sector suffered the steepest decline in output since the height of the financial crisis, official data for the end of...
08 February 2013
"European credit spent the latter half of last year making up lost ground on its US counterpart, but in recent weeks it has reverted to old habits...
08 February 2013
The first estimate of eurozone GDP in the final three months of 2012 is expected to show the region contracting for the third successive quarter....
08 February 2013
"Trade data for December paint a reassuring and encouraging picture of the US economy at the end of last year, suggesting the economy did not...
08 February 2013
Strong growth of China's exports in January add to evidence that the world's second largest economy is seeing a further acceleration in the pace...
07 February 2013
Italian bank Monte dei Paschi was the strongest performer in a day dominated by central banks and government debt.Monte dei Paschi has been plagued...
07 February 2013
"Manufacturing and trade showed signs of renewed life in December, adding to indications that the UK economy gathered momentum at the end of...
07 February 2013
"Manufacturing output in Germany is falling at the fastest quarterly rate since early 2009, according to official data which are now confirming...
07 February 2013
"Having undergone the steepest downturn since the height of the financial crisis last year, January PMI data for the European automobiles industry...
06 February 2013
"Event risk is stalking the credit markets today, and nowhere more so than in the TMT sector.Time Warner Cable (TWC) and Cox Communications (COX)...
06 February 2013
"The PMI surveys signalled a return to growth of the UK private sector economy in January, and have also moved back to a level consistent with...
06 February 2013
"The HSBC Emerging Markets Index (EMI), a monthly indicator derived from the PMI surveys, rose from 53.0 in December to 53.9 in January. That...
05 February 2013
"Political risk drove the credit markets wider yesterday, but the focus returned today to earnings and single name event risk.Dutch telecoms...
05 February 2013
"Business activity in the UK picked up at the start of the year, according to the PMI surveys, pointing to a return to growth of the UK economy...
05 February 2013
"Global economic growth slowed slightly in January compared to December's nine-month high, according to purchasing managers' surveys, but remained...
05 February 2013
"At 48.6 in January, from 47.2 in December, the Markit Eurozone PMI Composite Output Index rose to a ten-month high and came in above its earlier...
01 February 2013
The maxim "too big to fail" - made famous by the financial crisis and the litany of banks requiring government assistance to survive - was echoing...
01 February 2013
"The week sees the publication of worldwide service sector PMI numbers for January, as well as monetary policy meetings at the ECB and Bank of..."...
01 February 2013
A solid gain in US employment provides welcome reassurance that the US economy is healthier than the surprise fall in fourth quarter GDP and...
01 February 2013
"UK manufacturing production continued to expand at the start of 2013, following a further increase in new orders and ongoing efforts to clear...
01 February 2013
"The global economy showed further signs of pulling out of the soft patch seen last year, with worldwide manufacturers reporting the first significant..."...
01 February 2013
"The downturn in the Eurozone manufacturing sector eased at the start of 2013, as rates of decline in production and new orders both slowed.Download...
31 January 2013
"A slew of disappointing earnings reports gave risk aversion the upper hand in Europe today.Pharmaceuticals, typically solid performers and defensive...
30 January 2013
Italian credits led the broader market wider on Wednesday amid disappointing earnings and ongoing concern about the banking sector.Oil services...
30 January 2013
"The US suffered a surprise economic contraction in the final quarter of last year, but this is not likely to be the start of a double-dip recession....
30 January 2013
An increase in business sentiment for the third month running in January provides further evidence that the Eurozone's recession is showing signs...
29 January 2013
"Credit has been underperforming equity in recent weeks, and the trend continued today amid LBO rumours and weakness in the banking sector. European...
28 January 2013
The oil sector took centre stage in an otherwise quiet start to what promises to be a very busy week on both sides of the Atlantic.Oil rig operator......
25 January 2013
It has now become a truism that the ECB's commitment to the irreversibility of the euro last summer and the subsequent introduction of the OMT...
25 January 2013
The most important economic releases will come out of the US. The first estimate of US GDP in the final quarter of last year is expected to show...
25 January 2013
"The UK economy contracted more than expected in the final three months of last year according to official data, confirming earlier signs of...
25 January 2013
"The IFO survey of German business conditions rose sharply in January, matching a similar rise in the flash PMI, published on Thursday. The positive...
24 January 2013
Mixed economic news in Europe and disappointing corporate results in the US led to credit continuing its modest retreat this week.Apple's sales...
24 January 2013
"Purchasing manager surveys indicate that the global economy has picked up further momentum at the start of 2013. Markit's flash manufacturing...
24 January 2013
"The year started in much the same way as 2012 ended, on a very slow note. However, since mid-January the market has picked up again in terms...
24 January 2013
"The Markit Eurozone PMI Composite Output Index rose for the third consecutive month in January according to the flash estimate, up to a ten-month...
24 January 2013
"China's manufacturing economy grew at the fastest rate for 24 months in January. The flash manufacturing PMI for China, produced by Markit on...
23 January 2013
"The UK labour market continued to show surprising resilience in the face of signs of renewed economic weakness in the fourth quarter, with employment..."...
22 January 2013
"Italian banks weighed on the broader market on Tuesday, despite a bumper Spanish bond auction and news of a fresh injection of liquidity from...
22 January 2013
"Government borrowing appears on course to be higher than planned for the current year, as austerity measures have failed to reduce government...
22 January 2013
"An insight into future steel production can be gleaned from surveys of how busy steel-using companies are, looking at their production, order...
21 January 2013
It was predictable that the week would start on a quiet note given the US holiday and a blanket of snow across London. Traders reported light...
18 January 2013
"With the exception of China, central bank largesse may be providing ballast to the current global rally, but without growth the real economy...
18 January 2013
"Flash PMIs for China, the Eurozone and the US are published by Markit on Thursday, as is South Korean Q4 GDP. The UK publishes the first estimate...
17 January 2013
"There was plenty of single name news to keep credit markets occupied on Thursday, filling the gap left by a lack of activity on the macro front.Dutch..."...
16 January 2013
Event risk has returned to the agenda this week on both sides of the Atlantic.German travel services firm TUI AG was active in the CDS market...
15 January 2013
Credit was under the cosh today amid weak US economic data and signs that leveraged buyouts could be set for a return.Very few European names...
14 January 2013
Spreads opened wider on Monday as lower than expected eurozone industrial production figures and concerns over the proposed banking union punctured......
11 January 2013
Europe's bond markets sent out a strong signal this week that the continent's debt problems are no longer the roadblock to recovery they once...
11 January 2013
An overview of the week's economic releases.Download full article
11 January 2013
Industrial production data for November add to the likelihood of the UK economy having contracted in the final quarter of last year. There are...
10 January 2013
"A solid Spanish bond auction, a slightly more optimistic ECB and robust trade data from China all helped to offset some disappointing corporate..."...
10 January 2013
"Historical analysis of the JP Morgan Global Manufacturing PMI, compiled by Markit, illustrates the predictive power of the index for tracking...
10 January 2013
"The final EMI report for 2012 indicated a slight acceleration in economic growth across emerging markets worldwide. That said, total activity...
10 January 2013
"A revival of export growth helped drive China's trade surplus sharply higher in December. The trade data signal an encouragingly strong end...
09 January 2013
Steelmaker ArcelorMittal was a conspicuous outperformer in a day lacking market-moving catalysts.ArcelorMittal's spreads tightened 40bps to 335bps...
09 January 2013
"An upturn in goods exports in November adds to signs that the manufacturing economy showed signs of improving in the final quarter of last year....
09 January 2013
Official industrial production data have moved closer into line with survey data which have indicated that the German economy contracted in the...
08 January 2013
Expectations of an imminent fiscal stimulus in Japan and a new bond issue from Ireland weren't enough to shake the credit markets from their...