Asia-Pacific region Thursday
China tightened coronavirus restrictions in Chengdu.
South Korea reported a record trade deficit for August.
Japan’s Manufacturing PMI remained in expansion for the 19th month in a row but was at its lowest level in eleven months while China’s Caixin Manufacturing PMI fell into contraction.
August casino revenue in Macau was down 50.7% yr/yr.
Continued weakness in the yen pressured the Japanese currency to its lowest level against the dollar since mid-1998.
China’s August Caixin Manufacturing PMI 49.5 (expected 50.2; last 50.4)
Japan’s Q2 Capital Spending 4.6% qtr/qtr (expected 3.0%; last 3.0%) and August Manufacturing PMI 51.5 (expected 51.0; last 51.0)
South Korea’s Q2 GDP 0.7% qtr/qtr, as expected (last 0.6%); 2.9% yr/yr, as expected (last 3.0%). August trade deficit $9.47 bln (expected deficit of $8.00 bln; last deficit of $4.80 bln). August Nikkei Manufacturing PMI 47.6 (last 49.8)
India’s August Nikkei Manufacturing PMI 56.2 (expected 55.0; last 56.4)
Australia’s August AIG Manufacturing Index 49.3 (last 52.5) and August Manufacturing PMI 53.8 (expected 54.5; last 55.7). August Home Loans -7.0% m/m (expected -3.0%; last -3.3%). Q2 Building Capital Expenditure -2.5% m/m (last -1.7%). August Commodity Prices 21.7% yr/yr (last 14.1%)