It was an active session for economic data with the focus on China’s second manufacturing PMI. Last week we had the official PMIs, from China’s National Bureau of Statistics (NBS). The official manufacturing PMI stayed in contraction for its third consecutive month....
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Japan Matsuno believes improvement in the BOJ Tankan reflects gradual recovery of economy
Japan chief cabinet secretary Matsuno says that he believes the improvement in the BOJ Tankan reflects a gradual recovery of the economy, but will continue to closely monitor trends in overseas economies and prices.He's right about the improvement in the economy,...
Australia trade minister expects more announcements on improving trade with China soon
I posted earlier on Murray Watt, Australia's agriculture minister's remarks on the heavy going in negotiations of a Free Trade Agreement with the European Union:His remarks were over the weekend to local public broadcaster ABC. He also had very brief comments on his...
China June 2023 Caixin / S&P Global Manufacturing PMI 50.5 (prior 50.9)
China June Caixin Manufacturing PMI comes in at 50.5expected 50.2prior 50.9Last week we had the official PMIs, and manufacturing remained stuck in contraction:China has two primary Purchasing Managers' Index (PMI) surveys - the official PMI released by the National...
Australia ANZ-Indeed Australian Job Ads fell 2.5% m/m in June (prior +0.1%)
While down in June compared with May job vacancies are still 47.5% higher than pre-pandemic levels as tightness in the labour market continues.Down 10% y/yANZ:"It will take time for the labour market tightness to ease," "But the direction of change is clear, and we...
Australian May Building permits +20.6% m/m (expected +2.0%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Australian housing finance data for May 2023 rises
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
PBOC sets USD/ CNY mid-point today at 7.2157 (vs. estimate at 7.2464)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading...
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https://www.youtube.com/watch?v=OkSavvLIiNM [이제부터~집 계약할 때..계약 전 핸드폰으로 꼭~확인!! 확인 안 하면 당합니다!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정" 부탁드리겠습니다! 감사합니다 ^_^~...
Australian private survey inflation gauge for June headline is +0.1% m/m vs. 0.9% prior
TD/Melbourne Institute Inflation gauge comes in at +0.1% m/mprior was +0.9% m/m in May, which was the largest m/m jump since January 20235.7% y/yprior 5.9%Trimmed mean (core or underlying inflation) +0.2% m/m and 5.1% y/y priors were 0.8% m/m and 5.2% y/y--A monthly...
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https://www.youtube.com/watch?v=19s5fM2qyeU [속보] 7월에 이렇게 바뀝니다!! 전국민 파격할인 45만원, 평생 수강권 35만원!! 소득공제 30% 혜택까지..]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
Japan Jibun June (final) Manufacturing PMI 49.8 (vs. preliminary 49.8 and prior 50.6)
Japan flash PMIs for June 2023 are here. The 'final' for the month confirms the flash reading of a slide back into contraction in June. The contraction for Japan's factory activity in June came after the PMI showed it expanding for the first time in 7 months in...
PBOC is expected to set the USD/CNY reference rate at 7.2464 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
US Secret Service have just shut down access to area close to White House, HAZMAT incident
US Secret Service have just shut down access to the Ellipse, Lafayette Park, 17th Street and Pennsylvania AvenueReports are of an unknown security incident. Other reports say potential HAZMAT incident. ---Reports like this, if matters worsen, can lead to risk off...
Firms surveyed by BOJ expect CPI to be still above the Bank’s 2% target in 1, 3 & 5 years
The Bank of Japan keep telling us that they view above target inflation as transitory.Firms surveyed in the Bank of Japan Tankan price expectations survey completely disagree. The BOJ June Tankan Corporate Price Expectations survey reports that Japanese firms...
Yellen to tell China that US actions not aimed at gaining economic advantage over China
Yellen will travel to Beijing this week to meet with top Chinese officials. July 6 to 9 meetings. Comments from a Senior US Treasury Official:will emphasise that targeted US actions are not intended to gain economic advantage over Cahin US not seeking to decouple the...
BOJ Q2 Tankan improves from Q1: Large Manufacturing outlook 9 (vs. 5 expected and prior 1)
I posted a heads-up on this here, which includes a description of both the Bank of Japan and Reuters Tanakn reports:More: June big manufacturers index +5(Reuters poll: 3), the first improvement for 7 quarters, highest since December 2022Sept big manufacturers index...
Bank of Japan Q2 Tankan report coming up soon – a similar indicator has been much improved
The Tankan Report is due at 2350 GMT.The term "Tankan" is short for "Tanshin Kansoku," which roughly translates to "Short-term Economic Observation".its published quarterly by the BOJ and is a closely watched economic indicatorthe BoJ surveys thousands of Japanese...
Australia June final Manufacturing PMI 48.2 (flash was 48.6, prior 48.4)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...