Market Update – September 3 – NFP day
Market News Today Today’s employment report is eagerly awaited for directional purposes. The markets traded very quietly Thursday, though with a bullish bias. Treasury yields finished marginally lower with the…
Read More »725k median NFP print expected
Overnight Headlines *USD extended losses as possible sub-par NFP looms *US stocks rose but tech underperformed *Oil prices rebounded to near one-month highs USD continues to struggle, down nine days…
Read More »Japan – Jibun Bank/Markit August PMI Services 42.9 and Composite 45.5
August PMIs via the Jibun/Markit survey – preliminary 43.5 (July 47.4) – 42.9 is its lowest since May of last year – rise in employment is a bright spot, firms…
Read More »Japan’s PM Suga says can’t dissolve parliament amid the severe coronavirus situation
Says coronavirus countermeasures take precedence over the election. I’m not sure what this means for the date of Japan’s election … sounds like it’ll be pushed as late as possible.
Read More »Japan – Jibun Bank/Markit Manufacturing PMI (final) for June: 52.4 (prior 53.0)
Japan – Jibun Bank/Markit Manufacturing PMI (final) for June From the report: USD/JPY continues to trade in a very small range. It has traded above 111.16 to its highest since…
Read More »Japan preliminary PMI (June): Manufacturing 51.5 (prior 53.0) & Services 47.2 (prior 46.5)
Japan Jibun Bank / Markit preliminary PMIs for June Services inching higher and still showing contraction at 47.2
Read More »Japan’s Nikkei stock market index is now down 3% … what’s the technical point for ‘bloodbath’?
Nikkei and TOPIX extending lower still Earlier: As I posted earlier the drop follows Friday’s fall in US equities and the downward shift all last week for Japan stocks.
Read More »BOJ comments on PPI – global recovery pushing prices up
PPI data from Japan is here: Japan PPI for May +0.7% m/m (expected 0.5%) Commentary now from a BOJ official: On that "companies are passing along rising costs" … well,…
Read More »USDJPY continues to unwind
USDJPY, H1 USDJPY continues lower today, printing eight-session lows below 109.20 in early New York session trades and falling under Friday’s post-jobs report low of 109.37. The pairing had topped…
Read More »Jibun Bank/Markit Manufacturing PMI (final) for May 53.0
The preliminary for Manufacturing PMI was 52.5 vs. the prior month’s 53.6 States of Emergency continue to weigh on Japan’s economy, but the declines are widespread. Elsewhere in Asia. Manufacturing…
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