Foxconn building world’s largest Nvidia superchip factory
Original source: https://www.investing.com/news/stock-market-news/foxconn-says-it-is-building-the-worlds-largest-manufacturing-facility-fornvidiasgb200-3652305
Read More »Japan final December manufacturing PMI 47.9 (prior 48.3)
Japan Jibun Bank / S&P Global PMI manufacturing PMI for December has slumped further into contraction From the report, in brief: Demand was reported to be lower from key export…
Read More »China PMIs narrowly top expectations
Manufacturing PMI 50.2 vs 50.0 (prior 49.7) Non-manufacturing PMI 51.7 vs 51.5 expected (prior 51.0) The official manufacturing PMI is the important one and it rose above 50 for the…
Read More »Chinese carmaker BYD buys US firm Jabil’s mobility business for $2.2 billion
Original source: https://www.investing.com/news/stock-market-news/ev-maker-byd-buys-us-firm-jabils-china-manufacturing-business-for-22-billion-3162123
Read More »Australian Dollar Looks Past China PMI Data, Focus is Now on Key Fed Inflation Gauge
The Australian Dollar gave up gains on upbeat Chinese manufacturing PMI, with AUD/USD now turning its attention to the Fed’s preferred inflation gauge next.
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Read More »Rivian executive in charge of manufacturing engineering quits in management rejig
Original source: https://www.investing.com/news/stock-market-news/rivian-executive-in-charge-of-manufacturing-quits-in-management-rejig-2831088
Read More »NZD/USD Braces for Q2 Jobs Data After Chinese PMI Slowdown Weighs on Sentiment
The New Zealand Dollar lost early-week upside momentum after a concerning slowdown in China’s manufacturing growth. NZD/USD is turning its attention to New Zealand’s upcoming Q2 jobs data.
Read More »Japan Jibun Manufacturing PMI for July 53.0 (prelim was 52.2, prior 52.4)
More on the preliminary and prior can be found here Also, more manufacturing PMIs from Asia were released:
Read More »Weekend data – China PMI Manufacturing 50.4 (expected 50.8, prior 50.9) Non-manufacturing 53.3 (exp 53.3, prior 53.5)
China’s National Bureau of Statistics released the data on Saturday, the result for manufacturing is its lowest since February 2020 but still in expansion.
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