Its a big economic data hour coming up from Australia: 0100 GMT Australia, Melbourne Institute (MI) Inflation Gauge for August – prior was 0.1% m/m and 2.0% y/y
It’s all about manufacturing PMIs in Europe today Here is what’s coming up in European trading later: 0540 GMT – BOJ governor Kuroda speaks in Tokyo Kuroda will be speaking at a symposium commemorating the 30th anniversary of stock futures trading in Tokyo.
Japanese manufacturing PMI in August comes in at 52.5 The key points made by Markit for this month’s report: – Production rises amid faster new order growth More:
Forex and Bitcoin news for Asia trading Monday 3 September 2018 31 August 2018 Weekend The daily hot or not FX ratings had GBP in the loser bin Monday in Asia. Weekend Brexit comments from EU negotiator Michel Barnier sent GBP lower in opening trade. This is the same dude that sent sterling soaring with…
This via Westpac’s Robert Rennie (Head of Research) on the bank’s Australian dollar model A$ finally prints ‘cheap’ to the WestpacMarkets fair value range, below 0.7200.
The data earlier today showed a surprise beat, which will be a better than expected input into Q2 GDP Westpac response (this in very brief): For me, though, a good result on Q2 GDP will not necessarily be too much of a positive for the AUD. April to June data is old news by now,…
Another drop in this indicator of the price of houses in Australia Amongst the concerns for the economy in Oz is falling house prices could weigh on consumer spending via the ‘wealth effect’ (ie falling house prices will make us feel poorer so we spend less)
The Markit UK Manufacturing PMI for August is due today, September 3 at 0830GMT The following two days then see construction and services/composite PMIs Preview via Nomura:
Japanese capital expenditure in the second quarter of 2018 (April to June) Capital Spending y/y, +12.8% and for a big beat (fastest grpwth since Dec quarter of 2006 for this)
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