Nervously calm - MarketPulse
Nervously calm Soft data eases inflation concerns Inflationary fears continued to abate overnight, with the Philadelphia Fed Manufacturing Index retreating from near fifty-year highs to 31.5, much lower than expected. In Asia this morning, the data has been equally benign. South Korean PPI, MoM for April, fell to 0.60%, Australia’s Markit Composite Flash PMI for May fell to 58.10, led by services, while Preliminary Retail Sales MoM for April eased to 1.10%. Japan’s Inflation Rate MoM for April fell by -0.40%, more negative than expected. The Japan Jibun Bank Composite Flash PMI for May re...
Source: marketpulse.com