Data from Japan.

Markit/JMMA Japan Services PMI for July 50.4

  • prior was 49.0

Markit/JMMA Japan Composite PMI for July, 50.2

  • prior was 50.0

Key points:

  • Business activity returns to growth for first time in four months
  • New business remains in growth territory
  • Payroll numbers rise from a previous month of decline

Amy Brownbill, Economist at Markit:

  • “Latest data signalled improved business conditions for Japanese services in July, with output returning to growth territory for the first time in four months and new orders growing at a modest pace for the second month running
  • Moreover, payroll numbers rose from a previous month of decline. Nonetheless, there is still room for improvement as rates of growth were marginal as the impact of the sales tax continues to have a lingering effect on the Japanese economy.”

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The Chinese data due today:

  • HSBC/Markit Services PMI for July, prior was 53.1
  • And the HSBC/Markit Composite PMI for July, prior was 52.4

Is coming up at 0145GMT