ECB: Macro Since Last Decision: Growth - Firmer Mfg PMI Vs Softer Services [2/2]
Mar-04 21:13
* More timely PMIs showed improved manufacturing sentiment but a moderation in services, which cou...
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ASIA: Coming Up In The Asia-Pac Session On Monday
Feb-02 21:06
| 2200GMT | 0600HKT | 0900AEDT | Australia Jan S&P Global PMI Mfg |
| 2300GMT | 0700HKT | 1000AEDT | South Korea Dec Industrial Production |
| 2350GMT | 0750HKT | 1050AEDT | Japan BOJ Summary of Opinions (Jan. MPM) |
| 0000GMT | 0800HKT | 1100AEDT | Australia Jan Melbourne Institute Inflation |
| 0030GMT | 0830HKT | 1130AEDT | Japan Jan Jibun Bank PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | South Korea Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | Australia Jan ANZ-Indeed Job Advertisements |
| 0030GMT | 0830HKT | 1130AEDT | Australia Dec Retail Sales |
| 0030GMT | 0830HKT | 1130AEDT | Australia 4Q Retail Sales Ex Inflation |
| 0030GMT | 0830HKT | 1130AEDT | Australia Dec Building Approvals |
| 0110GMT | 0910HKT | 1210AEDT | Japan Rinban Operations |
| 0145GMT | 0945HKT | 1245AEDT | China Jan Caixin PMI Mfg |
ASIA: Coming Up In The Asian Session On Monday
Feb-02 21:06
| 2300GMT | 0700HKT | 1000AEDT | South Korea Dec Industrial Production |
| 0030GMT | 0830HKT | 1130AEDT | Malaysia Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | South Korea Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | Taiwan Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | Indonesia Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | Thailand Jan S&P Global PMI Mfg |
| 0030GMT | 0830HKT | 1130AEDT | Philippines Jan S&P Global PMI Mfg |
| 0145GMT | 0945HKT | 1245AEDT | China Jan Caixin PMI Mfg |
| 0400GMT | 1200HKT | 1500AEDT | Indonesia Jan CPI |
| 0500GMT | 1300HKT | 1600AEDT | India Jan HSBC PMI Mfg |
| 0730GMT | 1530HKT | 1830AEDT | Thailand Jan Business Sentiment Index |
| 0830GMT | 1630HKT | 1930AEDT | Hong Kong Dec Retail Sales Value |
| 0830GMT | 1630HKT | 1930AEDT | Hong Kong 4Q GDP |
FOREX: USD Surges At Monday Open On US Tariff Implementation
Feb-02 20:47
Early Monday G10 FX trends are heavily favored for the USD, following the weekend tariff announcements from the US administration. The weekend announcement will see 25% tariffs levied on Mexico and Canada, along with 10% on China, starting this Tuesday (see this BBG link). Tariffs on Canada energy exports will be set at a lower 10%.
- Canada has already detailed retaliation plans, which will be done in two phases. Firstly on around on around C$30bn worth of US exports, then a larger product list in a few weeks (around C$125bn per BBG). Mexico and China have vowed a response, but have yet to release any specifics.
- USD/CAD spiked to fresh highs, 1.4749, but was last 1.4725/30. This was fresh highs back to 2003. EUR/USD is also down over 1%, last 1.0240 (earlier lows were 1.0141.
- AUD/USD is at 0.6155/600, slightly up from session lows. We are off 1%, while NZD/USD is down 0.90%, to 0.5580/85.
- USD/CNH is up to 7.3600, 0.50% weaker in CNH terms.
- Yen is outperforming, likely on safe haven related demand. USD/JPY was last sub 155.00, the only G10 currency firmer against the USD so far today.
