Japan - April Nikkei PMIs: Services 49.3 (prior 50.0) & Composite 48.9 (prior 49.9)
Markit / Nikkei PMIs from Japan
Japan is back from the 3-day holiday today, which is good. I've been missing ingnoring their data.
- Services sector activity contracted in April at the fastest pace in two years
- in a sign that the economy may be losing some momentum, a survey showed on Friday.
- The index for new business fell to 48.6 (from 49.4 in March) ... also the fastest contraction in two years
Meanwhile, AUD continues to fall in the wake of the RBA statement:
While I'm at it .... rate updates: