China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.

Data underperformed the market forecast of a 50.6 expansion.

AUD/USD reaction to China’s PMI data

Jun 3, 2025

China Caixin Manufacturing PMI came in at 48.3, below expectations (50.6) in May

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Jun 3, 2025

Japan’s economic policy roadmap to promote domestic ownership of JGBs – Reuters

According to a draft of the government’s economic policy roadmap obtained by Reuters, “Japan is expected to promote domestic ownership of government bonds to avoid further rises in long-term interest rates.”

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