Catching up on this, my focus was the jobs report from Australia :
- In the minutes following the Australian jobs report, AUD/USD slipping a few tics
- Australia jobs report (February) Employment Change +17.5K (vs. expected +20.0K)
Japan (March, preliminary) manufacturing PMI from Markit / Nikkei: 53.2 (prior 54.1)
- Weakest improvement in business conditions since October 2017
- New orders increase, albeit to weakest extent in five months
- Job creation eases amid joint-softest pace of output growth since July 2017
Commenting on the Japanese Manufacturing PMI survey data, Joe Hayes, Economist at IHS Markit, which compiles the survey, said:
- "The headline PMI declined in March, signalling a weaker improvement in overall business conditions in the manufacturing sector. Output, new order and employment growth rates all slowed, while longer lead times continued to impact supply capacities.
- That said, with new business increasing for an eighteenth straight month, firms raised output prices to a quicker extent, signalling confidence in the demand climate and purchasing power of their clients. Despite two months of weaker headline PMI readings, the 2018 Q1 average still signals a robust operating environment."