CHINA MANUFACTURING PMI UNCHANGED, ACCELERATING IN TREND TERMS Perhaps of more relevance to Australia, the separate Steel industry PMI gauge slumped to 43.6...
David Scutt
Stonex
CHINA MANUFACTURING PMI UNCHANGED, ACCELERATING IN TREND TERMS Perhaps of more relevance to Australia, the separate Steel industry PMI gauge slumped to 43.6 from 48.4 in August with output, new orders, new export orders and and inventories of raw materials all deteriorating during the month. Perhaps of more concern from a future demand perspective, inventories of finished goods rose to 60.9, the highest level seen this year. With orders weak and inventories overflowing, it certainly doesn't bode well for iron ore pricing, and potentially, demand.
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David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
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