- China State Council's new job plan includes more than a million new SEO internships
- Australian data: ANZ/Indeed Job Advertisements for April fell -0.3% m/m (prior +2.0%)
- Australian monthly CPI for April 0.2% m/m (prior 0.3%)
- There is no CNY reference rate setting from the PBOC today, China holiday most of the week
- Jibun Bank S&P Global Japan final April Manufacturing PMI 49.5 (prior 49.2)
- South Korean exports fell 14% y/y in April, but semiconductor exports collapsed 41%
- Federal Reserve FOMC meeting this week - Goldman Sachs preview: 'Signaling a June Pause'
- Australian April final manufacturing PMI slips further into contraction
- Heads up for Asian market holidays today, Monday, 1 May 2023
- Heads up for China, European and UK holiday on Monday - markets closed
- Weekend data - China’s home sales rose for a third month in April
- RBA meet this week - preview - on hold again for the 2nd month in row, AUD vulnerable
- Berkshire vice chair Munger warns of ‘trouble’ for banks amid commercial real estate debt
- ICYMI - Fitch downgraded France to "AA-" down from from "AA", Outlook stable
- ICYMI: China printed a miserable manufacturing PMI result for April, back into contraction
- Trade ideas thread - Monday, 1 May 2023
- Monday morning open levels - indicative forex prices - 01 May 2023
- Nasdaq futures technical analysis and price forecast: Key levels to watch (13500 target)
- PNC bank the frontrunner in First Republic auction - report
- Newsquawk week ahead May 1st-5th: FOMC, NFP, ISMs, ECB, RBA, EZ CPI, NZ jobs
- First Republic auction underway. Deal seen before markets reopen
- Time is up: FDIC prepares to place First Republic under receivership - report
JPY crosses continued to rise during the session here following the Bank of Japan policy decision announced on Friday. USD/JPY rose above 136.75 and EUR/JPY above 150.50.
The data of note for the day came out over the weekend, China's manufacturing PMI unexpectedly fell in April, back into contraction for the first time since December amid weak global demand.
- Japan April manufacturing PMI improved from March but remained in contraction.
- In Australia the April manufacturing PMI slipped further into contraction in April while the first indication of Q2 inflation dipped a little but remains high.
- South Korean trade intensity fell, with y/y falls for both exports and imports greater than expected. More on all these data points in the bullet point link above.
News flow of impact was very light.
Apart from yen crosses major FX rates traded in small ranges. It was a holiday today in China, Singapore and Hong Kong. China’s Golden Week holidays continue for much of the week. Japan’s Golden Week holidays kick of on Wednesday.
Crypto volatility continued, BTC/USD lost ground quickly to trade under USD28,500.
There have been (unconfirmed) reports of Russia firing more than 120 missiles into Ukraine, including in capital Kiev.
ps. The UK and much of Europe is on holiday today.
