- October index rose to 35.8 (prior 30.9).
The construction industry continues to struggle but is showing some signs of recovery. Nothing that a rate cut in December could help.
AUD/USD at a standstill trading at 1.0432/34.
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AiG performance of construction index
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Germany April flash manufacturing PMI 51.2 vs 51.4 expected
- France April flash services PMI 46.5 vs 48.5 expected
- France April business confidence 94 vs 96 expected
- What are the main events for today?
- FX option expiries for 23 April 10am New York cut
- The fragile optimism in markets hangs in the balance
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