China Caixin Manufacturing PMI came in at 48.3, below expectations (50.6) in May

Jun 3, 2025

RBA Minutes: Not yet time to move monetary policy to an expansionary setting

The Reserve Bank of Australia (RBA) published the Minutes of its May monetary policy meeting on Tuesday, highlighting that the board decided the case for a 25 basis points (bps) cut was a stronger one and preferred policy to be cautious and predictable.

China's Caixin Manufacturing PMI unexpectedly contracts to 48.3 in May vs. 50.6 expected

China's Caixin Manufacturing Purchasing Managers' Index (PMI) unexpectedly contracted to 48.3 in May from 50.4 in April, according to the latest data released on Tuesday.