New Zealand Manufacturing PMI Actual 56.5 (Forecast -, Previous 53.1)
New Zealand Manufacturing PMI Actual 56.5 (Forecast -, Previous 53.1)
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New Zealand Manufacturing PMI Actual 56.5 (Forecast -, Previous 53.1)
New Zealand Manufacturing PMI
New Zealand Manufacturing PMI
Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
EXECUTIVE SUMMARY * TRUMP HAILS IRAN TALKS EVEN AS TEHRAN SETS 'FIRM POSITIONS': #0244e48b-2945-4b3b-8085-728a924ddf38 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH: WSJ: #cddd3044-ae77-4efa-9233-fb28b1e6f368 * NAGEL SAYS 'VIGILANT' ECB MAY NEED MILDLY RESTRICTIVE RATES: #13be4029-5b8c-40
BusinessNZ reported its New Zealand manufacturing PMI for August at 53.1, down from 54.3 previously.
New Zealand stocks dropped 108 points, or 0.8%, to close at 13,711 on Thursday, touching the lowest level since July 31. Industrials, utilities and financials weighed on the index.
New Zealand stocks climbed 94 points, or 0.7%, to 13,940 in Friday morning trade, supported by gains in financials, energy, materials, utilities and healthcare. The index is heading for a 1.2% weekly rise.
New Zealand Manufacturing PMI
The New Zealand dollar steadies around $0.585 near a two-week low after softer manufacturing PMI and inflation expectations data revived questions over further Reserve Bank tightening.
New Zealand Manufacturing PMI shows an actual reading of 54.3, compared with a previous figure of 59.7 (forecast not provided).
New Zealand Manufacturing PMI
New Zealand Manufacturing PMI
() -- The New Zealand dollar gains against the US dollar on Friday, after New Zealand's BusinessNZ Performance of Manufacturing Index jumped to 59.7 in June from an upwardly revised 51.3 in May. The print came in the strongest reading since July 2021. In Friday's G10 trading, NZD rose against all other currencies, exce
New Zealand Manufacturing PMI Actual 59.7 (Forecast -, Previous 49.9)
New Zealand Manufacturing PMI
New Zealand Manufacturing PMI
***General Trend and Developments*** -Overall Asian equities are again directionless ahead of the upcoming US-related events. Cautious start to the new quarter? - Disappointing PMIs seen throughout Asia [including China, Indonesia, Japan, South Korea, Taiwan, Vietnam]. The Chinese data was hurt by new export orders. -S
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - (RO) Romania Jun International Reserves: No est v $77.0B prior - (AR) Argentina Jun Government Tax Revenue (ARS): No est v 21.513T prior - (ZA)
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) - - *** As always times are subject to change *** - - 19:00 (KR) South Korea May Industrial Production M/M: +0.5%e v -0.7% prior; Y/Y: 3.6%e v 1.5% prior; Cyclical Leading Index Change: No est v 0.6 prior
***General Trend and Developments*** -Crude oil looked to be heading towards a higher open and US equity FUTs a lower open, until 20 minutes before the Monday reopenings, when Axios reported that the US and Iran would halt strikes and meet tomorrow in Doha, Qatar. -Oil ended up only opening modestly higher by US armed
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - 01:00 (FI) Finland Jun Consumer Confidence: No est v -10.5 prior; Business Confidence: No est v 3 prior - 02:00 (SE) Sweden May Trade Balance (