Global economic data shows mixed signals across major economies
US economic data improves while weakness appears in China, with currency and commodity markets responding to broader growth trends.
Economic indicators from major economies have released this weekend, with the United States showing improved data while China's manufacturing activity weakened. Currency markets and commodity prices have shifted in response, including movements in the kiwi dollar and gold prices. Other developed economies including Canada, Japan and South Korea have shown varied performance.
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Weekend briefing: The US gets a backdoor rate hike
US data improves; Canada GDP rises; China PMIs weak; Korea bounces back; ditto Japan; yen intervention expensive; Australian PPI inflation rises; UST 10yr at 4.74%; gold dips; oil mixed; NZ$1 = 58.9 USc; TWI-5 = 62.6