Australian S&P Global Services PMI Flash (Mar) 46.6 (Prev. 52.8)
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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 Services PMI Flash (Mar) 46.6 (Prev. 52.8)
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 Australian S&P Global Services PMI Flash for March unexpectedly dropped to 46.6 from the previous reading of 52.8, signaling a contraction in the services sector. This significant decline may suggest weakening economic activity and could have implications for monetary policy, potentially reinforcing calls for looser policy or changes in rate expectations. Investors should watch for reactions in the AUD and broader market sentiment as this data contrasts sharply with prior growth trends.
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