Reply To: Traders Market Weekly: Inflation and Bear Market Rallies


China’s Manufacturing PMI dipped back into contraction in the July reading,
Japan’s Manufacturing PMI expanded for the 18th month in a row
South Korea’s Manufacturing PMI fell into contraction for the first time in 22 months.
The Chinese government is reportedly planning to seize undeveloped land from troubled developers.
Banks in China are facing up to $350 bln in potential losses related to the mortgage boycott and stalled development projects.
House Speaker Pelosi reportedly plans to visit Taiwan on Thursday.
China’s July Manufacturing PMI 49.0 (expected 50.4; last 50.2) and Non-Manufacturing PMI 53.8 (expected 53.9; last 54.7). July Caixin Manufacturing PMI 50.4 (expected 51.5; last 51.7) o South Korea’s July trade deficit $4.67 bln (expected deficit of $4.06 bln; last deficit of $2.58 bln). July Imports 21.8% yr/yr (expected 20.7%; last 19.4%) and Exports 9.4% yr/yr, as expected (last 5.2%). July Nikkei Manufacturing PMI 49.8 (last 51.3)
India’s July Manufacturing PMI 56.4 (expected 53.8; last 53.9)
Hong Kong’s Q2 GDP 0.9% qtr/qtr (last -3.0%); -1.4% yr/yr (last -4.0%)
Australia’s July AIG Manufacturing Index 52.5 (last 54.0), July Manufacturing PMI 56.2 (last 55.7), and July MI Inflation Gauge 1.2% m/m (last 0.3%)
New Zealand’s June Building Consents -3.0% m/m (last -0.5%)