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Monday, 23 November 2020

Australia Manufacturing PMI Climbs To 56.1 In November - Markit

The manufacturing sector in Australia continued to expand in November, and at a faster rate, the latest survey from Markit Economics showed on Monday with a Manufacturing PMI score of 56.1.

That's up from 54.2 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction,

Production and sales both increased at faster rates. New orders in particular rose at the quickest rate for nearly two years despite a further decline in export sales.

The survey also showed that the services index rose to 54.9 from 53.8, while the composite index came in at 54.7 - up from 53.6 a month earlier.


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

source http://www.mt5.com/forex_news/quickview/2167555/

S&P 500, Hang Seng Weekly Open: Vaccine-Led Rally May Take a Pause

US stock futures may lead Asia-Pacific markets higher after a profit-taking trading session seen on Friday. A vaccine-led rally seems to be taking a pause. Oil prices at 11-week high. Japanese mark... Via DailyFX - Market News https://ift.tt/32vveVH

Yen and US Dollar May Bounce as PMI Data, Fed-Speak Spook Markets

The Japanese Yen and US Dollar may rebound from early losses at the start of the trading week as worrying PMI data and Fed commentary spook the markets. Via DailyFX - Market News https://ift.tt/32vveVH

New Zealand Retail Sales Surge 28.0% In Q3

Retail sales volume in New Zealand soared 28.0 percent on quarter in the third quarter of 2020, Statistics New Zealand said on Monday - recovering from the 14.6 percent drop in the previous three months.

On a yearly basis, retail sales volume advanced 8.3 percent after sinking 14.2 percent in the three months prior.

By volume, 12 of the 15 industries saw higher sales volumes on a yearly basis.

The value of retail sales was up 7.4 percent on year in Q3, with 14 of the 16 regions showing higher sales values.


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

source http://www.mt5.com/forex_news/quickview/2167554/

*Australia Manufacturing PMI 56.1 In November, Services PMI 54.9 - Markit

Australia Manufacturing PMI 56.1 In November, Services PMI 54.9 - Markit


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

source http://www.mt5.com/forex_news/quickview/2167553/

Singapore GDP Data Due On Monday

Singapore will on Monday release final Q3 numbers for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 7.9 percent on quarter and fall 5.4 percent on year after sinking 13.2 percent on quarter and 13.3 percent on year in the three months prior.

Singapore also will see October numbers for consumer prices; in September, overall inflation was up 0.3 percent on month and flat on year, while core CPI was down an annual 0.1 percent.

Taiwan will release October figures for retail sales, industrial production, unemployment and consumer confidence.

In September, retail sales were up 2.88 percent on year, while industrial production climbed 10.73 percent on year and the jobless rate was 3.78 percent. The consumer confidence index score was 71.60.

Thailand will see October numbers for imports, exports and trade balance. Imports are expected to sink 13.52 percent on year after losing 9.08 percent in September. Exports are called lower by an annual 6.25 percent after dipping 3.86 percent in the previous month. The trade surplus is pegged at $1.87 billion, down from $2.23 billion a month earlier.

New Zealand will provide Q3 data for retail sales; in the previous three months, sales were down 14.6 percent on quarter and 14.2 percent on year.

Australia will see flash November results for the manufacturing, services and composite PMIs from Markit; in October, their scores were 54.2, 53.7 and 53.5, respectively.

Finally, the markets in Japan are closed on Monday in observance of Labor Thanksgiving Day and will reopen on Tuesday.


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

source http://www.mt5.com/forex_news/quickview/2167552/

*New Zealand Retail Sales +28.0% On Quarter, +8.3% On Year In Q3

New Zealand Retail Sales +28.0% On Quarter, +8.3% On Year In Q3


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

source http://www.mt5.com/forex_news/quickview/2167551/