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Yen Declines After BoJ Decision





As expected, the Bank of Japan kept its interest rate unchanged at -0.1 percent and maintained the purchase of government bonds so that the 10-year JGB yeild remains at zero percent. The bank said the purchase of government bonds would continue at an annual pace of about JPY 80 trillion.


After the decision, the yen dropped against its major rivals.


The yen was trading at 111.34 against the greenback, 112.61 against the franc, 130.21 against the euro and 146.04 against the pound around 12:09 am ET.


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China Manufacturing PMI Slide To 50.8 - Caixin





The manufacturing sector in China continued to expand in July, albeit at a slower pace, the latest survey from Caixin revealed on Wednesday with a PMI score of 50.8.


That's down from 51.0 in June, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.


Individually, there were slower increases in output and new orders.


New export sales fell at the quickest rate in more than two years, while input costs rose solidly.


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Japan Monetary Base Climbs 7.0% On Year In July





The monetary base in Japan was up 7.0 percent on year in July, the Bank of Japan said on Thursday - coming in at 497.639 trillion yen.


That follows the 7.4 percent jump in June.


Banknotes in circulation were up 4.1 percent on year, the bank said, while coins in circulation gained an annual 0.9 percent.


Current account balances advanced 7.9 percent, including a 6.4 percent gain in reserve balances.


The adjusted monetary base was up 2.3 percent on year to 489.229 billion yen.


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Japan Services Sector Slows In July - Nikkei





The services sector in Japan continued to expand in July, albeit at a slower pace, the latest survey from Nikkei showed on Friday with a PMI score of 51.3.


That's down from 51.4, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.


Individually, employment growth accelerated, but output and new business expanded at softer rates. Price pressures intensified.


The survey also showed that Japan's composite index fell to a score of 51.8, down from 52.1 in June.


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Australia Job Ads Rebound In July





Job advertisements in Australia increased in July after falling in the previous month, the latest survey from the Australian and New Zealand Banking Group revealed Monday.


On a monthly basis, total job ads rose a seasonally adjusted 1.5 percent month-over-month in July, reversing a 1.7 percent decline in June.


Annual growth in job ads accelerated to 7.3 percent in July from 6.9 percent in the preceding month.


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European Economics Preview: Germany's Trade, Industrial Output Data Due



Foreign trade and industrial production figures from Germany are due on Tuesday, headlining a light day for the European economic news.


At 2.00 am ET, Destatis is slated to release Germany's industrial production and foreign trade reports. Industrial production is seen falling 0.5 percent on month in June, reversing a 2.6 percent rise in May.


Economists forecast Germany's exports to drop 0.4 percent month-on-month after rising 1.8 percent a month ago.


At 2.45 am ET, France's foreign trade figures are due. Economists forecast the trade deficit to narrow to EUR 5.5 billion in June from EUR 6 billion in May.


At 3.00 am ET, industrial output from Hungary and trade figures from the Czech Republic are due.


At 3.30 am ET, UK Halifax house price data is due. House prices are expected to rise 0.2 percent on month in July, following a 0.3 percent increase in June.


Also, at 3.30 am ET, Statistics Sweden releases industrial production and orders figures.


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Japan Overall Bank Lending +2.0% On Year



Overall bank lending in July was up 2.0 percent on year in July, the Bank of Japan said on Wednesday - coming in at 526.621 trillion yen.


That follows the 2.2 percent gain in June.


Excluding trusts, bank lending advanced an annual 2.0 percent to 458.097 trillion yen, slowing from the 2.1 percent gain in the previous month.


Lending from trusts climbed 2.2 percent to 68.523 trillion yen, while lending from foreign banks surged an annual 21.3 percent to 2.506 trillion yen.


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China Inflation Climbs 2.1% In July





Consumer prices in China were up 2.1 percent on year in July, the National Bureau of Statistics said on Thursday.


That exceeded expectations for 2.0 percent and was up from 1.9 percent in June.


On a monthly basis, CPI added 0.3 percent after easing 0.1 percent in June.


The bureau also said that producer prices jumped an annual 4.6 percent - beating forecasts for 4.5 percent and down from 4.7 percent in the previous month.


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Japan Producer Prices Climb 0.5% In July




Producer prices in Japan were up 0.5 percent on month in July, the Bank of Japan said on Friday.


That beat forecasts for a gain of 0.2 percent, which would have been unchanged from the previous month.


On a yearly basis, producer prices climbed 3.1 percent - exceeding expectations for 2.9 percent and up from 2.8 percent in the previous month.


Export prices were up 0.5 percent on month and 2.8 percent on year, the bank said, while import prices advanced 1.0 percent on month and 11.5 percent on year.


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Ireland Construction Growth Quickens In July





Ireland's construction growth accelerated in July amid strengthening demand, survey data from IHS Markit showed Monday.


The Ulster Bank construction Purchasing Managers' Index rose to 60.7 in July from 58.4 in June. Any reading above 50 indicates expansion in the sector.


Among three monitored categories, the fastest growth was on housing projects. Commercial activity also grew markedly, while civil engineering activity returned to growth in July.


New orders continued to rise sharply on the backdrop of improving customer demand. Consequently, firms raised their employment and purchasing activity at a substantial pace.


On the price front, the rate of input cost inflation remained marked amid some reports of material shortages.


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