Asia Market Movers: Japan Preliminary Manufacturing PMI (July) 48.8 (Expected 50.2, Previous: 50.1)

Thursday, 24 Jul, 2025 News Japan Preliminary Manufacturing PMI (July) 48.8 (Expected 50.2, Previous: 50.1) Japan Preliminary Manufacturing PMI (July) 48.8, falling back into contraction Expected 50.2, Previous: 50.1 Services 53.5 Previous: 51.7 Composite 51.5 Previous 51.5 Japan's manufacturing activity News South Korea says trade talks with US cancelled, scheduling issue South Korea says trade talks with US cancelled, scheduling issue South Korea says 2+2 trade talks with the U.S. have been cancelled. The talks were cancelled due to the U.S. Treasury Secretary's sched Learn more Stocks AMD CEO Lisa Su says U.S.-made chips could cost up to 20% more than those from Taiwan AMD CEO Lisa Su has acknowledged that semiconductor chips produced at Taiwan Semiconductor Manufacturing Co. (TSMC)'s upcoming facilities in Arizona will come at a significant cost premium. In an inte Central Banks Bessent says a new Fed Chairman nominee is likely to be announced in December or January US Treasury Secretary Bessent: New Fed Chairman nominee is likely to be announced in December or January I posted earlier on the week that Bessent was trying to soothe Trump and have him relent on fir News AUD/USD hits its highest in 8 months at 0.6604 The USD is broadkly lower, just a touch, here in Asia morning trade. AUD is a beneficiary, but not the only one. EUR, NZD, GBP ... all higher for the morning. AUD data just out, PMIs moving further in News Australia preliminary July 2025 manufacturing PMI 51.6 (prior 50.6) Australia S&P Global July flash services PMI at 53.8 (vs 51.8 in June) Australia S&P Global July flash manufacturing PMI at 51.6 (vs 50.6 in June) Composite 53.6 (prior 51.6) All three moving Stock market update Cboe Global Markets will exit its Japanese equities operations Cboe Global Markets announced on Wednesday that it will exit its Japanese equities operations, which includes both the Cboe Japan proprietary trading system and the Cboe BIDS Japan block trading platf Central Banks European Central Bank is expected to hold interest rates steady at its meeting today The European Central Bank is expected to hold interest rates steady at its meeting today, Thursday, July 24, 2025. statement due at 1215 GMT/ 1815 US Eastern time European Central Bank President Lagar Learn more Stocks Tesla CEO Elon Musk said he expects European sales to accelerate Tesla CEO Elon Musk said he expects European sales to accelerate following regulatory approval of its Full Self-Driving (FSD) system. In China, the company is working to navigate regulatory barriers t

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