Japan Manufacturing Sector Contracts Most In 7 Months

Japan's manufacturing sector contracted the most in seven months in September as firms reduced production amid weak demand, survey data from IHS Markit showed Tuesday.

The Jibun Bank final manufacturing Purchasing Managers' Index fell to 48.9 in September from 49.3 in August. The reading came in line with the flash estimate.

This was the lowest mark since February. A score below 50 indicates contraction in the sector.

The main pull factors on the manufacturing economy were output and new orders, as both declined in September at accelerated rates.

"Crucially, the stronger deterioration comes ahead of the consumption tax hike, and suggests that manufacturing and exports are both likely to have been drags on third quarter GDP," Joe Hayes, an economist at IHS Markit, said.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2143955/

Oil Prices Face Renewed Risk of Bear Market as OPEC Sees Waning Demand

Oil prices face a renewed risk of a bear market as the Organization of the Petroleum Exporting Countries (OPEC) see waning demand in 2019. Via DailyFX - Market News https://ift.tt/2NYYHlE

US Dollar Rose as Crude Oil Prices Broke Support, Eyeing August Low

Crude oil prices took out support, exposing August lows despite a pickup in risk appetite as the S&P 500 rose. The US Dollar rallied, taking the Euro to its weakest since May 2017. Via DailyFX - Market News https://ift.tt/2NYYHlE

Japan Jobless Rate Steady At 2.2% In August

The unemployment rate in Japan came in at a seasonally adjusted 2.2 percent in August, the Ministry of Economy, Trade and Industry said on Tuesday - beneath expectations for 2.3 percent and unchanged from the previous month.

The job-to-applicant ratio was 1.59, unchanged and in line with forecasts.

The number of employed persons in August was 67.51 million, an increase of 690,000 or 1.0 percent on year.

The number of unemployed persons in August was 1.57 million, a decrease of 130,000 or 7.6 percent on year.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2143954/

*Japan Unemployment Rate 2.2% In August; Job-To-Applicant Ratio 1.59

Japan Unemployment Rate 2.2% In August; Job-To-Applicant Ratio 1.59

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2143953/

*BoJ Tankan: All Industry Capex +6.6% In Q3

BoJ Tankan: All Industry Capex +6.6% In Q3

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2143952/

Australia Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity.

The RBA is widely expected to trim its benchmark lending rate from the already record low of 1.00 percent to 0.75 percent.

The RBA will also provide September numbers for its commodity price index; in August, the index climbed 6.2 percent to a score of 124.9.

Australia will also release August figures for building approvals and also see September results for the Performance of Manufacturing Index from the Australian Industry Group.

Building approvals are predicted to add 2.0 percent on month but plummet 20.0 percent on year after tumbling 9.7 percent on month and 28.5 percent on year in July. The manufacturing index saw a score of 53.1 in August.

The Bank of Japan is scheduled to release its quarterly Tankan survey of business sentiment.

The large manufacturers index is expected to see a score of +1, down from +7 in the three months prior, while the outlook is expected to sink to 0 from +7. All industry capex is seen higher by 7.0 percent on year, slowing from 7.4 percent in the previous quarter.

Japan also will see August numbers for unemployment and final September figures for the manufacturing PMI from Nikkei.

The jobless rate is expected to tick up to 2.3 percent from 2.2 percent in July, while the job-to-applicant ratio is called steady at 1.59. The previous reading for the manufacturing PMI was 48.9.

Indonesia will provide inflation data for September; in August, overall consumer prices were 0.1 percent on month and 3.5 percent on year, while core inflation climbed an annual 3.3 percent.

The Philippines will release August numbers for producer prices; in July, prices were down 0.4 percent on month and up 1.1 percent on year.

Several of the Asia-Pacific countries are scheduled to see the latest manufacturing PMI data from IHS, including Indonesia, Malaysia, Myanmar, the Philippines, South Korea, Taiwan, Thailand and Vietnam.

Finally, the markets in China and Hong Kong are off for the National Day holiday. Hong Kong returns to action on Wednesday, while China is shuttered until October 8.

The material has been provided by InstaForex Company - www.instaforex.com

source http://www.mt5.com/forex_news/quickview/2143951/