Aussie AIG Performance of Services Index
The Aussie AIG Performance of Services Index in January rose to an expansionary 51.9 from 49 the prior month.
Aussie Trade Balance
The Aussie Trade Balance came in at a larger surplus than expected (1200M) and the prior reading (1380M) at 1709M. The market gained a mild bid on the release, but the session could remain muted as there is a limited amount of new data on the calendar.
China HSBC Manufacturing PMI
The China HSBC Manufacturing PMI reading for January was 48.8, slightly better than the prior reading of 48.7. The market continues to range in Asia, with the various PMI’s this evening not providing any direction ahead of further news from Europe and the US Employment report at the end of the week.
Taiwan HSBC Manufacturing PMI
The Taiwan HSBC Manufacturing PMI reading for January was 48.9, better than the prior reading of 47.1.
China’s January PMI Manufacturing
The January reading for Chinese Manufacturing PMI came in better than expected at 50.5 versus the estimate of 49.6 and slightly above the prior reading of 50.3. Risk edged higher following the release after being under pressure for most of the session.
South Korean January Trade Balance (in $USD)
The South Korean Trade Balance was released as a deficit instead of the expected surplus, driven by a strong decline in exports for January. The USDKRW pair caught a bid following the release jumping above the 1129 handle. The details of the release are as follows:
- Trade Balance – Survey:560M Actual:-1,957M Prior:3992m
- Ext Trade – Export – Actual:41,537M Prior:49,657M
- Ext Trade – Export – Survey:1.1% Actual:-6.6% Prior:12.5%
- Ext Trade – Imports – Actual:43,494 Prior:45,665M
- Ext Trade – Imports – Survey:5.1% Actual: 3.6% Prior:14.0%
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