Reply To: Traders Market Weekly: Jobs, Inflation and PMI Pressures

#42420
Truman
Participant

China Securities Times speculated that the People’s Bank of China will lower its reserve requirement ratio.
Japan is reportedly considering a halt to coronavirus tests for international travelers.
South Korea’s Consumer Confidence improved in August while inflation expectations decreased for the first time in eight months.
Japan’s and South Korea’s Services PMIs dipped into contraction in their flash readings for August while Manufacturing PMIs also weakened but remained above 50.0.
Japan’s flash August Manufacturing PMI 51.0, as expected (last 52.1) and flash Services PMI 49.2 (last 50.3). July BoJ Core CPI 1.8% yr/yr (expected 1.5%; last 1.6%)
South Korea’s April Consumer Confidence 88.8 (last 86.0)
Australia’s flash August Manufacturing PMI 54.5 (last 55.7) and flash Services PMI 49.6 (last 50.9)
Singapore’s July CPI 7.0% yr/yr, as expected (last 6.7%) and Core CPI 4.8% yr/yr (expected 4.7%; last 4.4%)