Reply To: Traders Market Weekly: Fed and BOJ Dribble Ahead

#74647
Truman
Participant

Services PMI readings from China and Japan showed stronger-than-expected expansion in May while growth in Australia’s services sector was slower than expected

China
May Caixin Services PMI 54.0 (expected 52.5; last 52.5)

Japan
The Bank of Japan may announce a reduction to its bond purchases as early as next week’s policy meeting.
May Services PMI 53.8 (expected 53.6; last 54.3). April Average Cash Earnings 2.1% yr/yr (expected 1.7%; last 1.0%)

South Korea
Q1 GDP 1.3% qtr/qtr, as expected (last 0.5%); 3.3% yr/yr (expected 3.4%; last 2.1%)

Hong Kong
May Manufacturing PMI 49.2 (last 50.6)

India
May Services PMI 60.2 (expected 61.4; last 60.8)

Australia
Australia’s Q1 growth undershot expectations with GDP/capita decreasing for the fifth quarter in a row.
Q1 GDP 0.1% qtr/qtr (expected 0.2%; last 0.3%); 1.1% yr/yr (expected 1.2%; last 1.6%).
May AIG Construction Index -68.1 (last -25.6)
May AIG Manufacturing Index -31.1 (last -13.9).
May Services PMI 52.5 (expected 53.1; last 53.6)

Singapore
April Retail Sales -2.7% m/m (last -0.8%); -1.2% yr/yr (last 2.8%)
New Zealand
Q1 Terms of Trade Index 5.1% qtr/qtr (expected 3.1%; last -7.8%)