Japan will release closely
watched data on Friday that shows how much it spent intervening
in the foreign exchange market to prop up the yen in May, in
moves that kept the currency from testing new. -May 30, 2024 at 08:40 pm EDT
- MarketScreener
Japanese Data to Confirm FX Intervention as Yen Weakness Persists usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China s manufacturing
activity unexpectedly fell in May, an official factory survey
showed on Friday, keeping alive calls for fresh stimulus as a
protracted property crisis continues to weigh on. -May 30, 2024 at 09:31 pm EDT
- MarketScreener
BEIJING (Reuters) -China's manufacturing activity unexpectedly fell in May, keeping alive calls for fresh stimulus as a protracted property crisis in the world's second-largest economy continues to weigh on business, consumer and investor confidence. "I think the data particularly reflects soft domestic demand, the housing sector continued to worsen and retail sales were not strong," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
Japan is expected to post its first year-on-year rise in household spending in 14 months, a Reuters poll showed on Friday, although the tepid growth is likely to highlight persistent weakness in.