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China’s May official manufacturing PMI to remain unchanged at 51.4 - Nomura

Analysts at Nomura offer a brief preview on China’s official manufacturing PMI report due to be published this Thursday at 0100 GMT.

Key Quotes:

“We expect China's official PMI to remain unchanged at 51.4 in May from April. 

High-frequency data (such as coal consumption by six major power plants) suggest solid production during the month, but other factors such as weakening domestic demand could be a drag.”

Onshore Yuan weakens past 6.4/dollar for the first time since January 23

The onshore Yuan exchange rate weakened past 6.4 per dollar for the first time since January 23. The move happened after China's central bank fixed it
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RBNZ’s Financial Stability Report preview - Westpac

Westpac’s Analysts are out with their preview of the Reserve Bank of New Zealand’s (RBNZ) semi-annual Financial Stability Report (FSR) due to be repor
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