CURRENCY MARKET WRAP
As of Tue Sep 3rd, Singapore Time zone UTC+8
U.S. Dollar Index, +0.12%, 99.04
USDJPY, +0.07%, $106.21
EURUSD, -0.26%, $1.0963
GBPUSD, -0.79%, $1.2063
USDCAD, +0.10%, $1.3331
AUDUSD, -0.20%, $0.6712
NZDUSD, +0.06%, $0.6304
In Chinese data, China’s manufacturing activity expanded in August after shrinking for two months as factory output grew at its fastest clip in five months. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the manufacturing sector’s operating conditions, increased to 50.4 (consensus 49.8) in August from 49.9 in the previous month.
In U.K., manufacturers have recorded the sharpest drop in factory output for seven years as mounting concerns over no-deal Brexit and the slowing global economy hit orders across the country. Manufacturing PMI came in at 47.4 (consensus 48.0). The report found that EU-based customers are shunning British manufacturers as the risk of no-deal Brexit mounts, rerouting supply chains away from the UK as the likelihood of border disruption after 31 October increases.
STOCK MARKET WRAP
S&P500 – Closed –
Nasdaq *- Closed -*
Nikkei Futures, -0.11%, 20,573.0
U.S. markets were closed for Labour Day.