South African ABSA Manufacturing PMI (Dec) 40.5 vs. Exp. 44 (Prev. 42.0)
The South African ABSA Manufacturing PMI for December came in at 40.5, significantly below the expected 44 and a prior reading of 42.
US Challenger Job cuts (Dec): 35.55k (prev. 71.3k)
China summons a meeting with BYD (1211 HK), CATL (300750 CH) and Gotion (002074 CH), according to China Daily
South African ABSA Manufacturing PMI (Dec) 40.5 vs. Exp. 44 (Prev. 42.0)
India's Foreign Ministry reportedly intends to remove restrictions on Chinese firms bidding for government contracts, according to sources
ECB's de Guindos says the ECB is at inflation target, but uncertainty remains very high
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This sharp decline indicates a contraction in manufacturing activity, which could raise concerns about the overall economic health and suggest potential implications for monetary policy going forward.
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