Australian S&P Global Manufacturing PMI Flash reading for April 2025: 51.7 (prior 52.1)

Australian preliminary PMI from S&P Global for April 2025:

51.7

• prior 52.1

Services 51.4

• prior 51.6

Composite 51.4

• prior 51.6

The big news so far today is this:

• Trump said had no intention of firing Fed Chair Powell (he did). Major reversal from Trump

• Trump backing away from tariffs, backing away from firing Powell - will it last?
• Trump says he has no plans to Fire Federal Reserve Chair Powell
• Trump says he is going to be very nice to China, they have to make a deal