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Week Ahead – PMI data and US NFP to dominate; RBA meeting also eyed
The coming week will be a busy one for PMI data as China and the UK will see the first and only PMI releases for April, while for the Eurozone and the US, the final readings are due. Also in focus next week is the non-farm payrolls report in the United States as well as the RBA’s scheduled policy meeting. China PMI expected to improve further Manufacturing activity in China has been on a downward trend since the middle of 2014 according to China’s National Bureau of Statistics’ PMI measure. But March saw a surprise turnaround, with the PMI index turning positive for the first time in 9 months. Activity is ... (full story)