Japan’s Services Pulse Points to Growth Amid a Patchwork Global Data
TL;DR Summary
Japan's services PMI rose to 52.2 in June, signaling expansion; the PBOC is expected to set the USD/CNY reference rate around 6.7808 amid FX considerations; Australia’s services PMI returned to growth at 50.5 but new orders fell, while inflation expectations remain in focus; ECB officials defend the rate rise despite inflation and currency tensions; New Zealand consumer confidence climbed to 91.3 in June with easing inflation expectations; market chatter also covers NFT gains and a drop in AI chip stocks.
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