Japanese S&P Global Services PMI Flash (Apr) 51.2 vs. Exp. 52 (Prev. 53.4)

The Japanese S&P Global Services PMI for April came in at 51.2, missing expectations of 52 and significantly down from the previous 53.4.

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Microsoft (MSFT) to commit USD 18bln to build AI capacity in Australia

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Japanese S&P Global Services PMI Flash (Apr) 51.2 vs. Exp. 52 (Prev. 53.4)

New Zealand's Finance Minister says the Treasury projects inflation could reach 7.4% in 2025/26 under the worst case scenario

PBoC is expected to set USD/CNY mid-point at 6.8294 (prev. 6.8635)

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Context

This miss suggests a slowing service sector, which could impact growth forecasts and limit any aggressive monetary tightening by the BoJ, affecting investor sentiment towards the Yen and potentially bolstering safe-haven assets like gold.

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