*Offical China Mfg PMI beat 49.8; est. 49.5
*Caixin Mfg PMI beat 51.4; est. 50.2
*NBNZ Business Outlook deteriorates further at -53.5
FX:
- Markets were generally quiet overall as China looks to close for 5 days from tomorrow.
- AUDUSD closed -0.19% weaker after having tried for 0.677 on beat Caixin Mfg PMIs.
- NZDUSD was again high beta, down -0.5% on soft NZ business confidence at -53.5.
- USDCNH, driven by beat Mfg PMIs, pared most of Friday's bullish reaction to Trump's delisting Chinese stocks comments to breach 7.12, down -0.3%. China walks into holidays tomorrow.
- Elsewhere, G10 FX was fairly tight on little headlines.
- USDKRW was offered -0.4% trading lower in line with CNH moves.
Equities:
- ASX Futures rallied in early Asia on China PMIs but pulled back to finish around Friday close, +0.03%, as 10y yields jumped
- ASX cash slumped to a -0.4% finish with financials and oil/gas stocks soft.
- CSI 300 fell -1% as it walks into a week of holidays.
- S&P 500 futures edged higher +0.44%.
Fixed Income:
- AUS 10y yields are +6bps in early Europe trading.
- US 10y yields are +2bps also.
Commodities:
- Brent Crude Futures were lower -0.7% despite Saudi Arabia's crown prince comments that "oil prices could rise to unimaginably high numbers".
- Gold spot trades lower at 1,492 alongside marginally stronger USD.
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