Nikada
Japan +0.47%. Japan Jibun final August PMI: Manufacturing 49.6 (prior 49.6).
Japan data: Q2 Corporate Capital spending +4.5% y/y (vs. expected +5.4%).
China +0.29%. China data: Caixin/S&P Global August 2023 Manufacturing PMI: 51.0 (expected 49.3).
The People’s Bank of China said in a statement Friday that it would slash the foreign exchange reserve requirement ratio by 200 basis points to 4% from 6% beginning September, 15th.
Hong Kong market closed. The government hoisted the No 8 storm warning signal as Super Typhoon Saola was approaching the city.
India +0.35%. The S&P Global India Manufacturing PMI increased to a 3-month top of 58.6 in August 2023 from 57.7 in the previous month.
Australia -0.29%. Australian data: July home loans -1.9% m/m (expected -1.0%).
Australia Manufacturing PMI final for August: 49.6 (prior 49.6) & strongest since February.
The S&P Global South Korea Manufacturing PMI fell to 48.9 in August 2023 from 49.4 in July, signaling a deterioration in overall business conditions and extending the current downturn to 14 months.
South Korea August exports dropped 8.4% y/y, imports down also.
New Zealand data – August consumer confidence 85.0 (vs. prior 83.7).
Indonesia’s annual inflation rate increased to 3.27% in August 2023 from a 16-month low of 3.08% in the previous month, aligning closely with market forecasts of 3.33%.
The S&P Global Indonesia Manufacturing PMI increased to 53.9 in August 2023 from 53.3 in the previous month.
Singapore’s financial markets will be closed today as the country heads to the polls to vote for its ninth president.
The S&P Global Thailand Manufacturing PMI slipped to 48.9 in August 2023 from 50.7 in July, pointing to the first fall in factory activity following growth in the previous 19 months.
The S&P Global Taiwan Manufacturing PMI rose slightly to 44.3 in August 2023 from 44.1 in July.
The IHS Markit Myanmar Manufacturing PMI increased to 53.0 in August 2023 from 51.1 in the previous month.
The S&P Global Malaysia Manufacturing PMI stood at 47.8 in August 2023, unchanged from the previous.
The S&P Global Philippines Manufacturing PMI fell sharply to 49.7 in August 2023 from 51.9 in July
In the U.S. on Thursday, all three major indexes ended mixed, while investors look ahead to the August payrolls report that could guide the economic and interest rate outlook in the US. The tech-heavy Nasdaq Composite closed 0.11% higher at 14,034.97 points, while the S&P 500 ended marginally lower by 0.16% at 4,507.54 points. The blue-chip Dow slipped 0.48% to settle at 34,721.16 points.
Oil prices were set to snap a two-week losing streak on tightening supplies.
Major benchmarks rose slightly, with the U.S. West Texas Intermediate crude up 13 cents, or 0.2%, at $83.76 a barrel, while Brent crude was up 17 cents, also 0.2%, at $87/bbl as of 0325 GMT.
Currencies: (Japanese Yen / US Dollar (JPY:USD)), (Chinese Yuan / US Dollar (CNY:USD)), (Australian Dollar / US Dollar (AUD:USD)), (Indian Rupee / US Dollar (INR:USD)), (Hong Kong Dollar / US Dollar (HKD:USD)), (New Zealand Dollar / US Dollar (NZD:USD)).
U.S. stock futures steadied on Friday after the major averages ended mixed during Thursday’s regular session: Dow +0.21%; S&P 500 +0.14%; Nasdaq +0.09%.
ETFs: (JEQ), (EWJ), (DXJ), (FXY), (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE), (CHIX), (CYB).
