The last real week of September has begun.
The US and Europe, which are concerned about a recession, lowered their interest rates in September, so it seems that we can expect the effects of the interest rate cuts to be real from now on… but the overall global economic situation does not look so good.
The EU’s September PMI index released today is not good at all. The COMPOSITE PMI fell to 48.9 points, down from 51 points in August, and fell back below the 50 point mark, the recession boundary.
It fell to the lowest level in eight months. The European producer PMI index for September fell to 44.5 points. It is the lowest figure in the past nine months. It feels like we are becoming a second China.
Today, China cut short-term interest rates by 0.1% today. We need to watch how funds are going to end September and the third quarter.
Depending on the situation this week, there is a very high possibility that Japan’s rate hike movement would take shape.
Japan’s Liberal Democratic Party is said to be electing its representative this week.
