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00:00 Australia Conference
Board Australia Leading Index February +0.2% +0.3%
01:45 China HSBC Manufacturing PMI (Preliminary) April 51.6 51.4 50.5
The euro slid before data projected to show services and manufacturing output in Europe shrank. A composite PMI for services and manufacturing industries was unchanged at 46.5 in April, London-based Markit Economics is predicted to say according to the median estimate of economists surveyed by Bloomberg before today's report. Readings below 50 indicates contraction.
The Ifo institute's business climate index for Germany, based on a survey of 7,000 executives, probably fell to 106.2 this month from 106.7, a separate poll showed before tomorrow's release.
The Australian and New Zealand currencies led losses versus the yen and dollar after the Purchasing Managers' Index for China by HSBC Holdings Plc and Markit Economics missed economists' forecasts. The preliminary PMI for China was 50.5 this month compared with a final 51.6 reading for March. The number was below the median 51.5 estimate in a Bloomberg News survey of analysts. A reading above 50 indicates expansion.
The yen rose versus all of its major peers after a private report signaled a slowdown in Chinese manufacturing, underscoring concern the largest Asian economy is faltering and boosting demand for refuge assets.
EUR / USD: during the Asian session the pair fell to $ 1.3030
GBP / USD: during the Asian session the pair fell to $ 1.5250.
USD / JPY: on Asian session the pair fell to Y98.55.
There is a full calendar Tuesday, including the release of the euro area flash manufacturing and service PMI numbers. The calendar gets underway with the release of the French April business climate indicator, including the April manufacturing and service sector sentiment indices, at 0645GMT. The release of the main flash PMI numbers starts at 0658GMT, with the release of the French flash numbers, followed at 0728GMT with the German numbers and the eurozone data at 0758GMT. That is followed at 0800GMT with the release of the Italian ISTAT April cоnsumer confidence numbers. Sovereign issuance in Europe sees Spain plan to tap 3-month Jul 19, 2013 Letra and tap 9-month Jan 24, 2014 Letra with indicative size to be announced on Monday, with expectations of between E3.5-E4.5bln.
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