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


Japan’s Defense Ministry will reportedly request a record high budget for FY23. House Speaker Pelosi is visiting South Korea today. FT reported that Samsung and SK Hynix are reconsidering investments in China after the passage of the Chips Act in the U.S. China’s Caixin Services PMI reached its highest level since April 2021 in the July reading.
China’s July Caixin Services PMI 55.5 (last 54.5)
Japan’s July Services PMI 50.3 (last 54.0)
Hong Kong’s July Manufacturing PMI 52.3 (last 52.4)
India’s July Nikkei Services PMI 55.5 (expected 58.5; last 59.2)
Australia’s July AIG Construction Index 45.3 (last 46.2). June Retail Sales 0.2% m/m, as expected (last 0.9%) and Q2 Retail Sales 1.4% qtr/qtr (expected 1.2%; last 1.0%). July Services PMI 50.9 (last 52.6)
New Zealand’s Q2 Employment Change 0.0% qtr/qtr (expected 0.4%; last 0.0%). Q2 Labor Cost Index 1.3% qtr/qtr (expected 1.1%; last 0.7%); 3.4% yr/yr (expected 3.3%; last 3.1%). Q2 Unemployment Rate 3.3% (expected 3.1%; last 3.2%)