Preliminary Markit manufacturing and services data A bit stronger on manufacturing and a touch soft on services but overall, 55.9 on the composite is strong. Commenting on the flash PMI data, Chris Williamson, Chief Business Economistat IHS Markit said:
Yesterday a China foreign ministry spokesman said “The exchange rate of China’s RMB is determined by the market. There are ups and downs. It’s a two-way float”
At yesterday’s preannounced Japanese Government Bond buying operation the Bank to the extra step of: – It came after JGB yields moved higher on Friday and early on Monday
For Venezuela. IMF says inflation in the country will hit 1,000,000% by the end of the year IMF cite government money printing to paper over the hole in the budget
New Zealand’s acting Prime Minister Winston Peters said yesterday it would be premature to make changes to the Budget Responsibility Rules at present – But looking ahead there may be scope for the Government to loosen its fiscal responsibility rules before the next election Yes, I am still doing a bit of a round up…
Is this a sign of wage pressures rising? I guess it is at the margin, but do read on – Nike will raise salaries for 7400 employees around the globe – accounts for about 10% of the firms workforce If this is a sign of wage pressures I’d say the pressures are pretty light.
Forex and Bitcoin news for Asia trading Tuesday 24 July 2018 The People’s Bank of China were back, big time, today, slashing the CNY against the USD again; this time to a (more than) one year low at the daily central rate setting.
Weekly ANZ-Roy Morgan Australian Consumer Confidence has been wobbling more or less sideways the past few weeks A bit of a bigger dip this week. The rlelease does not tend to have much of an immediate forex impact
I posted on the already US / EU trade talks on Wednesday But, a bit more as it approaches: It came out overnight, so its not fresh new news, Just an ICYMI
The UK press reports (via unnamed sources) that UK Prime Minister plans to hike wages for over a million public sector workers – May to drop the pay cap introduced in 2010 by David Cameron