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Australia Q2 Import Prices Rise More Than Expected

Australia's import prices increased at a faster-than-expected pace in the three months ended June, figures from the Australian Bureau of Statistics showed Thursday.

The import price index climbed 3.2 percent sequentially in the second quarter, faster than the 2.0 percent rise in the first quarter. It was the third consecutive quarterly increase.

That was above the 1.9 percent rise economists had forecast.

The increase was driven by higher prices paid for petroleum, petroleum products and related materials, general industrial machinery, electrical machinery, apparatus and appliances.

On a yearly basis, imports prices grew at a faster rate of 6.0 percent in the June quarter, after a 2.6 percent gain in the March quarter.

Data also revealed that export prices grew 1.9 percent quarterly and by 6.6 percent yearly in the June quarter.

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BRAZIL: DI Rates Close Mixed On Thursday

The one-day interbank deposit futures rates (DI rates) in Brazil ended mixed Thursday. While the shorter maturities closed stable in an adjustment movement, the longer ones rose, tracking the locally traded U.S. dollar appreciation against the Brazilian real.

"The shorter DIs did not keep up with the dollar and were relatively well-behaved, even though they made maximums throughout the session. The perception is that the dollar's rise is much more technical, an adjustment, than a perception of improvement in the assets," said H.Commcor operator Cleber Alessie.

Alessie stressed that longer maturities have risen in line with the U.S. currency.

"It was a day of profit-taking," he pondered.

The January 2019 DI contract rate closed stable at 6.625%, while the January 2020 DI rate was at 7.91%, from 7.93% in the previous settlement. The January 2021 DI contract rate settled at 8.94%, from 8.93%.

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Dutch Producer Confidence At 11-Month Low

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Dutch producer confidence weakened further in July to the lowest level in almost a year, data from the Central Bureau of Statistics showed Monday.

The producer confidence index dropped to 6.3 in July from 7.7 in June.

Moreover, this was the lowest score since August 2017, when it marked 5.4.

Producers in the industry were less positive about the order book and the expected activity in July than a month earlier.

However, their assessment of the stocks of finished products was more positive.

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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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South Korea Money Supply Growth Accelerates In June

South Korea's money supply growth accelerated in June after easing in the previous month, preliminary figures from Bank of Korea showed Tuesday.

M2, a broad measure of money supply climbed 6.1 percent year-over-year in June, faster than May's 5.7 percent increase.

On a monthly basis, M2 money supply rose at a steady rate of 0.5 percent in June.

The annual growth in liquidity quickened to 6.6 percent in June from 6.1 percent in the previous month.

Liquidity of financial institutions grew at a slightly faster rate of 6.7 percent yearly in June, following a 6.6 percent rise a month ago.

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Australia Wage Prices Rise 0.6% In Q2

Wage prices in Australia were up a seasonally adjusted 0.6 percent on quarter in the second three months of 2018, the Australian Bureau of Statistics said on Wednesday.

That was in line with expectations and up from 0.5 percent in the three months prior.

On a yearly basis, wage prices advanced 2.1 percent - matching forecasts and unchanged from the previous three months.

Western Australia and the Northern Territory both had the lowest annual wage growth of 1.5 percent, while Victoria and Tasmania were the highest at 2.5 percent.

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Japan Has Y231.2 Billion Trade Deficit

Japan had a merchandise trade deficit of 231.2 billion yen in July, the Ministry of Finance said on Thursday.

That was shy of expectations for a shortfall of 41.2 billion yen following the downwardly revised 720.8 billion yen surplus in June (originally 721.4 billion yen).

Exports were up 3.9 percent on year, missing expectations for a gain of 6.3 percent and down from 6.7 percent in the previous month.

Imports surged an annual 14.6 percent versus forecasts for 14.2 percent following the upwardly revised 2.6 percent gain a month earlier (originally 2.5 percent).

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Malaysia's GDP Growth Slows In Q2

Malaysia's economic growth slowed to the weakest in more than a year in the second quarter, data from the Department of Statistics showed Friday.

Gross domestic product advanced 4.5 percent year-on-year, slower than the 5.4 percent expansion seen in the first quarter. A similar weaker growth was last seen in the fourth quarter of 2016.

On a quarterly basis, GDP climbed 0.3 percent versus 1.4 percent growth a quarter ago.

The production-side breakdown of GDP showed that service sector sustained 6.5 percent annual growth. Manufacturing grew moderately by 4.9 percent. At the same time, the expansion in construction slowed to 4.7 percent.

For the first half of 2018, Malaysia's GDP grew 4.9 percent from the same period of last year.

Another report from statistical office showed that Malaysia's current account surplus narrowed to MYR 3.9 billion from MYR 15.0 billion in the previous quarter.

This was the lowest since the second quarter of 2016. The lower surplus was largely attributable to the lower net exports of goods.


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Thailand GDP On Tap For Monday

Thailand will on Monday release Q2 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.

GDP is expected to gain 1.0 percent on quarter and 4.5 percent on year, slowing from 2.0 percent on quarter and 4.8 percent on year in the three months prior.

Singapore will see Q2 figures for wholesale sales; in the first quarter, sales were up 5.7 percent on quarter and 6.6 percent on year.

Japan will provide July data for convenience store sales; in June, sales advanced 1.1 percent on year.

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Japan All Industry Activity Falls As Expected In June

Japan's all industry activity decreased in June, in line with expectations, data from the Ministry of Economy, Trade and Industry showed Wednesday.

The all industry activity index dropped 0.8 percent month-over-month in June, reversing a 0.1 percent increase in May.

Industrial production contracted 1.8 percent over the month and construction activity index slid by 2.5 percent. The tertiary activity registered a fall of 0.5 percent.

On a yearly basis, all industry activity growth slowed notably to 0.2 percent in June from 1.6 percent in the prior month.

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