Global PMIs Over Next 24h

AUD

The Aussie Dollar opens this morning mostly up against the majors apart from the NZD, continuing the struggle of maintaining momentum after bearish influences from the APAC region including softening December NAB business conditions. The downbeat data, paired with lowered inflation expectations and ongoing economic uncertainty in China, suggests APAC economic growth may be elusive. Asian equities also experienced largely positive results with the ASX +0.5%, Shanghai Comp +0.5%, and the Nikkei -0.1%. Commodities saw some soft growth with Copper +1.2%, Iron Ore flat, and Silver and Gold up 0.5, and 0.3% respectively. Looking at the news, we had our Flash Manufacturing and Services PMI release this morning both outperforming expectations at 50.3, and 47.9 respectively. Tomorrow, we'll see the RBA Bulletin which generally has a mild impact given the information is released previously. Our next major pieces will be Aussie Retail Sales on Tuesday and Aussie CPI on Wednesday.
 

USD

The AUDUSD couple opens slightly higher at 0.6579 after a rally early this morning, after the Richmond Fed Manufacturing Activity Index for January printed at -15, down from -11 and worse than expectations of -6. Wall St was mixed into the close with the Nasdaq trading +0.3%, the S&P 500 +0.1%, and the Dow Jones -0.2%. Overnight, we will have some important data out of the US with the Flash Manufacturing & Services PMIs set to be released at 1:45am.
 

EUR

The Aussie opens a tad higher against the EUR this morning at 0.6061, after Eurozone Consumer Confidence fell to -16.2. Eurozone equities also saw a poor performance closing in the red with the DAX and CAC both -0.3%. Busy day for data releases out of the Eurozone with all their Flash Manufacturing and Services PMIs set for release from 7pm tonight. They're largely expected in contractionary territory, although 'less negative' than the previous readings.
 

GBP

The AUDGBP opens higher at 0.5176, recorrecting its course last night after the release of some well-performing Public Sector Net Borrowing results, showing a massive decrease at 6.8B from the forecasted 11.4B. UK equities balanced with the FTSE closing flat. We'll also see PMIs for the UK this evening.
 

NZD

The AUDNZD coupling loses its 1.08 handle this morning, falling steeply from 1.0809 to opening at 1.0779 after quarterly Kiwi CPI landed on expectations at +0.5%, with rent remaining the dominant contributor. The annual figure printed at 4.7%, with economists expecting inflation to return to 2.5% in 2025. We will also see Credit Card Spending y/y being released later this afternoon at 1pm. No further news out of NZD for the rest of the week.