This video talks about the recent macro update in the EU, China, and the US. Meanwhile, inflation continues to remain elevated, forcing central banks to tighten monetary policy further, pushing up bond yields significantly.
What is the PMI index?
We also mentioned the PMI index in the video. The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors. The headline PMI is a value between 0 and 100. A PMI above 50 indicates expansion relative to the prior month. A PMI value below 50 suggests contraction, whereas a rating of 50 indicates stability.