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Also says its not the first time the World Health Organisation has failed its mission Pompeo interview on Fox More: – China communist party to be held accountable

Forex news for Asia trading Thursday 30 April 2020 It was an active day for news and data here in Asia today. The session opened with a statement from Norway on their plans to cut oil output in H2 of this year, which gave oil a bit of a boost. There is plenty of work […]

The country is still wary of COVID-19 and a renewed outbreak, but still travel is expected. – 117 m passenger trips expected over the in the Labor Day holiday (May 1-5) China's Ministry of Transport expectations.

Yonhap (South Korean media) with the report on an easing (a little) of travel restrictions in Asia: – Five Chinese cities and provinces will start allowing expedited entry for South Korean businesspeople from next month Its a start …. 

The official PMIs from the National Bureau of Statistics inChina were first: Both the manufacturing and non-manufacturing gauges were in expansion. After these we got the privately surveyed Markit/Caixin Manufacturing PMI, which dropped back into contraction:

GS is looking at what they refer to as Australia's effective unemployment rate – adjusted for hours worked and labour-force participation Says this real rate of unemployment is likely to hit 19% by the middle of this year.

The official PMIs from China were published earlier – some encouragement: in the 'services' result The official survey favours the larger SOEs> There are doubts around the official survey, political reasons and what have you …

The export price index for the first quarter comes in at +2.7% – a miss on the expected +3.0% buy a solid improvement from Q4's -5.2% For the import index, -1.0% q/q

March data only begins to capture the tsunami hit to the economy from the coronavirus outbreak.   +1.1% m/m – expected 0.3% m/m, prior 0.4% – expected 2.8%y/y, prior 2.8% Good results, but its the results from April on that will display the impact of the voc1 outbreak on the economy. Some of the credit jump […]

China PMIs, these the official survey ones from the NBS: The services improvement is particularly encouraging – factory reopening seems to have proceeded more smoothly than the recovery of the consumer, services higher is a sign the gap may be closing.