Recap 2-05-13




  • US ISM Non-Mfg declined to 55.2 in Jan vs 55 exp and 55.7 prev
  • Italy PMI Services declined to 43.9 in Jan vs 45.8 exp and 45.6 prev
  • UK PMI Services jumped to 51.5 vs 49.5 exp and 48.9 prev
  • RBA kept policy unchanged, but maintained its dovish bias
  • BOJ’s Shirakawa said he would be stepping down from his post on Mar 19
  • China’s HSBC services PMI increased to 54.0 from 51.7.

Upcoming Data:

  • Wed: Crude Oil Inventories, Australia Employment
  • Thu: Carney questioned by UK Parliament, BoE, ECB
  • Fri: Japan Eco Watchers Survey, German Trade Balance, Canadian Employment, USDA WADE reports
  • Mon: Japanese Money Supply, UK RICS House Price Balance, Australia Business Confidence,
  • Tue: UK CPI