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Weekly Market Recap (14-18 August)

Weekly Market Recap (14-18 August)
Monday:New Zealand Services PMI for July plunges into contraction to the lowest level since January 2022:47.8 vs. 50.1 prior (revised from 49.6).New Zealand Services PMITuesday:Japan Preliminary Q2 GDP beat expectations, but the deflator has also jumped substantially:GDP Q/Q 1.5% vs. 0.8% expected and 0.7% prior.GDP Y/Y 6.0% vs. 3.1% expected and 2.7% prior.Deflator Y/Y 3.4% vs. 2.0% expected and 2.0% prior. The deflator reading is the highest since 1981. Japan Preliminary Q2 GDPThe PBoC surpris... Read More
Posted: Aug 18 2023, 12:33
Author Name: forexlive
Views: 092150

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