The Next 19 Hours Will Be Critical For The Global Economy

Earlier we pointed out that there’s mounting evidence that the entire world economy, not just the Eurozone, is rolling over.

Well we’re about to find out a lot more.

It’s PMI day, the day when countries all around the world have their PMI data released.

We’ll start things off at 10:00 AM ET, when the US ISM number comes out.

Then it restarts tonight, when Japan, Korea, Taiwan, and China come out, and then it continues until tomorrow morning.

As for today’s US ISM, analysts are expecting a reading of 53.0 down from 53.4 last month.

But since so many regional Fed surveys have been weak, there’s a lot of murmuering that it coudlb e weak.

From Markit, here’s a schedule of the forthcoming releases (all times are UK time)

——

  Country/Product                           02 May 2012 00:15  Japan: Markit Japan Services PMI*   00:15  Japan: Markit Japan Composite PMI*   01:00  South Korea: HSBC South Korea Manufacturing PMI   03:00  Taiwan: HSBC Taiwan Manufacturing PMI   03:30  China: HSBC China Manufacturing PMI   05:00  Indonesia: HSBC Indonesia Manufacturing PMI   06:00  India: HSBC India Manufacturing PMI   06:00  Russia: HSBC Russia Manufacturing PMI   08:00  Poland: HSBC Poland Manufacturing PMI   08:00  Turkey: HSBC Turkey Manufacturing PMI   08:15  Spain: Markit Spain Manufacturing PMI*   08:30  Czech Republic: HSBC Czech Republic Manufacturing PMI   08:45  Italy: Markit / ADACI Italy Manufacturing PMI*   08:50  France: Markit France Manufacturing PMI*   08:55  Germany: Markit / BME Germany Manufacturing PMI*   09:00  Eurozone: Markit Eurozone Manufacturing PMI*   09:00  Greece: Markit Greece Manufacturing PMI*

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