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.
usd/krw consolidating in a sideways channel.
usd/krw is consolidating after the recent rally lower and now trading in a sideways channel.
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%
South Korean Manufacturing PMI
The South Korean HSBC Manufacturing PMI for January rose to 449.2, above the prior reading of 46.4 but still in a state of contraction.
South Korean CPI
The South Korean Consumer Price Index for January came in softer than expected as did the core reading. The details of the release are as follows:
- CPI (MoM) – Survey:0.6% Actual:3.4% Prior:0.4%
- CPI (YoY) – Survey:3.6% Actual:3.2% Prior:4.2%
- Core CPI (YoY) – Actual:3.2% Prior:3.6%
Loading ...
