Global Economic Outlook: Commodity Decline Effects

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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Economic Indicators

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)

Thu 3

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