It’s back to the the New Normal following last week’s global market black swan, with the only remaining vestages of that glitch in the matrix being elevated levels of investor fear. OPEC expresses concern about the state of its oily cash cow and the Reserve Bank of Australia discovers that the dark cloud of deterioration in China has a silver lining.
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World Indexes and Forex Rates
In the Calendar This Week
Mon 31 August
New Zealand ANZ Business Confidence (actual: -29.1 previous: -15.3)
Tue 1 September
China Manufacturing PMI (actual: 49.7 expected: 49.8 previous: 50.0)
China Caixin Final Manufacturing PMI (actual: 47.3 expected: 47.2 previous: 47.1)
Australia Cash Rate (actual: 2.00% expected: 2.00% previous: 2.00%)
UK Manufacturing PMI (expected: 51.9 previous: 51.9)
US ISM Manufacturing PMI (expected: 52.6 previous: 52.7)
Wed 2 September
Australia GDP q/q (expected: 0.4% previous: 0.9%)
US ADP Non-Farm Employment Change (expected: 204K previous: 185K)