China August official PMI came in at 51.1, slightly below the estimate of 51.2, even as the Production & Operating component rose to 57.9 from 55.3. This marks the first sequential decline in 6 months, bolstering the case for a more aggressive PBoC policy easing before the end of 2014, Japan's August final Markit/JMMA Manufacturing PMI confirmed its third month of expansion with a reading of 52.2. The figure was below the preliminary reading of 52.4, but was much higher than last month's reading of 50.5. The Output component was also higher at 52.9, the highest reading since March 2014. Overall the new business and output growth were rose sharply, with job creation was maintained. The Ukraine conflict appears to have taken another turn for the worse, as Russia Pres Putin called on the govt of Ukraine to immediately begin negotiations on issues of "statehood" for the southeast region...German Fin Min Schaeuble expressed more criticism of recent push by govt officials from other euro zone countries to ease fiscal constraints, stating "countries that pursued austerity policies in return for sovereign bailouts are doing much better than all the others in Europe." Anti-euro sentiment in Germany appears to be on the rise, as euro-sceptic AfD party won enough votes in Saxony to enter state assembly for the first time...Nikkei +0.30% Hang Seng +0.24% ...Shanghai +0.72%
Eur$ 1.3127 S&P -0.04% EuroStoxx
Macro
- HSBC China Aug. Manufacturing PMI 50.2; Est. 50.3
- BOJ Officials Said to See Abe Raising Sales Tax as Planned
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