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Japan January services PMI 53.0 prior 50.9 flash was 52.7 grew for the third consecutive month Composite PMI 51.1 in January flash 51.1 strongest growth since September prior 50.5 includes both manufacturing and services Japan’s service sector grew, driven by strong Asian demand for exports, according to the…

New Zealand data – the ANZ World Commodity Price Index for January 2025: +1.8% m/m +0.1% prior +14.6% y/y +15% prior In NZD terms (the New Zealand dollar fell in January, pushing up the index in NZD terms) +3.2% m/m prior +3.6% +25.1% y/y prior +24.7% *** As…

Trump comments: Fantastic talks with Netanyahu Many countries will soon be joining Abraham Accords In meeting with Netanyahu we discussed how to make sure Hamas is eliminated Gaza should not go through the process of rebuilding and occupation by the same people Instead we should build various domains…

Trump continuing Earlier: Trump says US ‘will take over the Gaza Strip’ This article was written by Eamonn Sheridan at www.forexlive.com.

The National Federation of Independent Business (NFIB) has filed an amicus brief urging the U.S. Court of Appeals for the Fourth Circuit to reject the Corporate Transparency Act (CTA), arguing that its reporting requirements impose unconstitutional burdens on small businesses. The brief was filed in Community Associations Institute,…

The New Zealand jobs data is here: New Zealand Q4 unemployment rate 5.1% (vs. 5.1% expected and 4.8% in Q3 employment in the quarter fell 0.1%, its biggest drop since 2009 wage growth unchanged q/q Analyst responses (info via Reuters): ASB: softening labour market should prompt continued frontloading…

Japan Overall Labour Cash Earnings for December 2024 have recorded a solid +4.8% y/y expected was +3.6%, prior +3.0% YOvertime Pay +1.3%y/y, this is viewed as a barometer of business strength prior +1.4% Wages adjusted for inflation are higher, +0.6% y/y, on bonus payments prior +0.5% (revised from…

Australian (final) January Services PMI 51.2 preliminary was 50.4 prior 50.8 Final Composite is 51.1 preliminary was 50.3 prior 50.2 The report from S&P Global notes that Australia’s service sector is steadily gaining momentum, achieving a full year of monthly growth in business activity by January. Both activity…

Trump’s extra 10% tariffs on China came into effect on Teusday, February 4. China’s retaliation followed just hours later: China announces counter-tariffs against Trump’s trade moves levies of 15% for US coal and LNG, 10% for crude oil, farm equipment and some autos China anti-monopoly regulator launches investigation…

Goldman Sachs are about as caught up in headline ping-pong as the rest of us. From earlier in the week: Goldman Sachs: We think Canada and Mexico tariffs are likely to be short-lived Goldman Sachs says the medium term risks to oil prices is skewed to the downside…