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

#42524
Truman
Participant

Asia-Pacific region
Japan’s July Corporate Services Price Index 2.1% yr/yr (expected 2.2%; last 2.1%)
South Korea’s July PPI 0.3% m/m (last 0.6%); 9.2% yr/yr (last 10.0%)
Hong Kong’s July trade deficit HKD27.60 bln. July Imports -9.9% m/m (last 0.5%) and Exports -8.9% m/m (last -6.4%)
New Zealand’s Q2 Retail Sales -2.3% qtr/qtr (expected 1.7%; last -0.9%)
Trading at the Hong Kong Exchange was suspended for the first part of the day due to a typhoon.
Japan’s cabinet office maintained its overall economic assessment for August but raised its view of factory production and public investment.
The Bank of Korea raised its base rate by 25 bps to 2.50%, as expected. Bank of Korea Governor Rhee said that the base rate is currently in the middle of the neutral range and it should hit the upper end of that range if hot inflation persists.