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Monday, 1 March 2021

Australia Home Loan Data On Tap For Monday

Australia will on Monday release January figures for home loans, highlighting a busy day for Asia-Pacific economic activity. In December, home loans were up 8.7 percent on month and investment lending rose 8.2 percent.

Australia also will see Q4 figures business inventories and company profits, as well as February results for the Performance of Manufacturing Index from AiG.

Inventories are tipped to add 0.2 percent on quarter after sinking 0.5 percent in Q3, while profits are expected to fall 4.0 percent after climbing 3.2 percent in the previous three months. The manufacturing index score in January was 55.3.

South Korea will provide February figures for imports, exports and trade balance. Imports are expected to jump 12.3 percent on year after adding 3.1 percent in January. Exports are called higher by an annual 9.5 percent, slowing from 11.4 percent in the previous month - when the trade surplus was $3.96 billion.

Indonesia will see February numbers for consumer prices, with forecasts suggesting an increase of 0.09 percent on month and 1.38 percent on year - slowing from 0.26 percent on month and 1.55 percent on year in January. Core CPI is pegged higher at 1.52 percent on year, down from 1.56 percent in the previous month.

Thailand will release January figures for unemployment and February results for its business confidence index. In December, the jobless rate was 1.5 percent, while the business confidence index score was 44.2 in January.

Several of the regional countries will se February results for their respective manufacturing PMIs from Markit Economics, including Australia, Indonesia, Japan (Jibun), Malaysia, Myanmar, the Philippines, Thailand, Vietnam and China (Caixin).

Finally, the markets in South Korea and Taiwan are closed on Monday in observance of Independence Day and Peace Day, respectively. Both return to action on Tuesday.


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

source http://www.mt5.com/forex_news/quickview/2172797/

Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View

The Australian Dollar retreated from session-highs after Caixin PMI figures out of China missed market expectations. Attention now turns to the RBA’s upcoming monetary policy meeting on Tuesday. Via DailyFX - Market News https://ift.tt/32vveVH

Australia Manufacturing Index Jumps To 58.8 In February - AiG

The manufacturing sector in Australia continued to expand in February, and at a faster pace, the latest survey from the Australian Industry Group showed on Monday with a Performance of Manufacturing Index score of 58.8.

That's up from 55.3 in January and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Five of the six manufacturing sectors included in the survey reported positive trading conditions during February including food & beverages, machinery & equipment, pharmaceuticals, cleaning, rubber, petroleum & related products and TCF, paper & printing products.

The building materials sector recorded its first month of expansion since August 2019, with respondents from that sector noting strong demand due to government stimulus.

Only the metal products sector continued to report mildly negative conditions in February.


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

source http://www.mt5.com/forex_news/quickview/2172796/

Australia Manufacturing PMI Slows To 56.9 In February - Markit

The manufacturing sector in Australia continued to expand in February, albeit at a slower pace, the latest survey from Markit Economics showed on Monday with a manufacturing PMI score of 56.9.

That's down from 57.2 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output growth and order book expansion remained sharp, while supply shortages and shipping delays sent prices to a survey record high.

Optimism improved to a two-year high amid growing hopes of a robust post-COVID economic recovery as the year proceeds, and the release of pent-up demand.


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

source http://www.mt5.com/forex_news/quickview/2172795/

*Australia Manufacturing PMI 56.9 In February - Markit

Australia Manufacturing PMI 56.9 In February - Markit


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

source http://www.mt5.com/forex_news/quickview/2172794/

*Australia Manufacturing Index 58.8 In February - AiG

Australia Manufacturing Index 58.8 In February - AiG


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

source http://www.mt5.com/forex_news/quickview/2172793/

Australian Dollar, APAC Markets Focus on Bond Yields to Start March

APAC markets' March open will look to government bond yields to gauge sentiment. Will the Australian Dollar recover from last week's sharp drop? Via DailyFX - Market News https://ift.tt/32vveVH