Australian S&P Global Composite PMI Flash (Mar) 47.0 (Prev. 52.4)
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Iran launches a new wave of missiles towards Israel, according to Tasnim
US President Trump's admin is eyeing Iran’s parliament speaker Ghalibaf as US-backed leader, according to POLITICO
Australian S&P Global Composite PMI Flash (Mar) 47.0 (Prev. 52.4)
Newsquawk Daily Asia-Pac Opening News - 24th March 2026
Newsquawk Daily Asia-Pac Opening News - 24th March 2026
On the Newsquawk feed at , 20 minutes before this page.
Context
The significant drop in Australia's S&P Global Composite PMI Flash from 52.4 to 47.0 indicates a contraction in economic activity, as readings below 50 signal a downturn. This sharp decline may raise concerns about the growth outlook in Australia, potentially influencing monetary policy and interest rate expectations. Traders should watch for impacts on AUD as market participants recalibrate their forecasts in light of this data.
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