The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) rose to 50.6 in February from 50.2 in January, the latest data published by Judo Bank and S&P Global showed on Friday.
US market indices closed lower after volatile trading session, with Dow, S&P, NASDAQ, and Russell 2000 slipping, while tech stocks like Meta and Palantir saw declines amid broader software sector weakness.
The US Dollar Index (DXY), which tracks the US Dollar’s (USD) performance against six major currencies, extends its decline on Thursday, slipping near 106.30.
The US Dollar came under renewed and significant selling pressure, retreating to two-month lows even though the US tariff narrative remained unchanged and the Russia-Ukraine peace talks showed no signs of improvement.
The Dow Jones Industrial Average (DJIA), which measures the performance of 30 large-cap US stocks, fell sharply on Thursday, dropping more than 1.40% to 43,980.
US Middle East envoy Witkoff clarifies that Trump's Gaza plan is not about evicting Palestinians but about what's best for them. The plan aims to shake up current thinking and improve prospects for Palestinian people.
On Thursday, St. Louis Fed President Alberto Musalem warned that rising inflation expectations combined with the risk of stubborn stagflation could create a double challenge for the US economy.
US citizens filing new applications for unemployment insurance rose to 219K for the week ending February 15, as reported by the US Department of Labor (DoL) on Thursday.
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