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China Caixin Manufacturing PMI for April 2025 50.4 (expected 49.9, prior 51.2)China April official Manufacturing PMI 49.0 (expected of 49.5)*
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PBOC sets USD/ CNY central rate at 7.2014 (vs. estimate at 7.2670)New Zealand April business confidence 49.3 (vs. 57.5 prior )FT reports Trump's top economic adviser Miran 'out of his depth' in hedge fund Q&A*
Japanese government official expresses mixed feelings on Trump tariffsJapan March retail sales +3.1% y/y (vs. expected +3.5%)Japan March 2025 preliminary industrial production -1.1% m/m (expected -0.4%)*
Toyota and Waymo team up to advance autonomous driving and next-gen vehiclesUK April business sentiment fell to its lowest level in three monthsTrump says Federal Reserve 'person' is not doing a good jobBillionaire hedge fund guy forecasts gold towards US$5000US inflation data due Wednesday - what investment banks expect for March PCEReminder - Goldman Sachs expects the US dollar has further to fallCanadian Prime Minister Carney and Trump spoke on the phoneOil: private survey of inventory shows headline crude oil build much larger than expectedSupermicro Computer preannounces a miss in Revenues and EPS. Stock down sharplyA look at some of the earnings after the close.Starbucks, Visa, First Solar, Snap report.Forexlive Americas FX news wrap: Trade data dims outlook for tomorrow's GDP reportUS indices close higher. S&P up for the sixth consecutive dayUS Treas Sec Bessent says no trade deal is done until Trump announces itTrade ideas thread - Wednesday, 30 April, insightful charts, technical analysis, ideasAustralian inflation slowed in the latest reading but still came in ahead of expectations, reinforcing expectations that the Reserve Bank of Australia will cut its cash rate at its next policy meeting on May 19–20. While softer near-term price pressures and rising global growth risks support the case for easing, the RBA may hold back from adopting a clearly dovish stance just yet.
In China, official PMI data showed a renewed loss of momentum in the factory sector. The official manufacturing PMI fell to 49.0 in April from 50.5 in March, marking the sharpest contraction since December 2023 and reflecting weaker conditions among larger, state-linked enterprises. In contrast, the Caixin manufacturing PMI, which focuses more on smaller, private exporters, eased to 50.4 from 51.2 but remained in expansion territory. The divergence suggests that while broad industrial activity is weakening, smaller firms are showing relative resilience despite mounting tariff headwinds.
New export orders slumped at the fastest pace since July 2023 amid heightened trade tensions, contributing to only a modest rise in overall new business volumes.
Chinese markets are closed for the Labour Day holidays from Tuesday through Monday, limiting immediate reaction to the data.
In commodities, U.S. crude prices came under pressure after the American Petroleum Institute reported a 3.76 million barrel increase in U.S. inventories, stoking some fresh concerns over demand.
Market movement was restrained during the session. AUD/USD has pooped up a little following the CPI data while the USD elsewhere is a touch better bid. Ranges have not been large. While regional equities have been mixed US equity index futures have been heavy during evening trade.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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