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    JAPAN INDUSTRIAL OUTPUT CLIMBS 4.2% IN JANUARY



    Industrial production in Japan was up a seasonally adjusted 4.2 percent on month in January, the Ministry of Economy, Trade and Industry said on Friday.

    That beat expectations for an increase of 4.0 percent following the 1.0 percent decline in December.

    On a yearly basis, industrial production dropped 5.3 percent - roughly in line with forecasts after slipping 2.6 percent in the previous month.

    Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is now picking up.

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    CHINA MANUFACTURING PMI SLOWS IN FEBRUARY - CAIXIN



    The manufacturing sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Monday with a manufacturing PMI score of 50.9.

    That's down from 51.5 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

    Individually, output expanded modestly amid a softer rise in new work as the pandemic weighed on export sales and supplier performance.

    Greater prices for raw materials and higher transport costs led to a further substantial rise in input costs. As a result, prices charged by manufacturers rose solidly as companies looked to partially pass on higher cost burdens to customers.

    Business confidence improved on hopes for a global economic recovery in the months ahead.

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    AUSSIE SLIGHTLY UP AFTER RBA DECISION



    The Reserve Bank of Australia retained its benchmark lending rate at 0.10 percent and the bond purchase program at $100 billion. Following the announcement, the aussie rose slightly against its major rivals.

    The aussie was trading at 82.91 against the yen, 1.5492 against the euro, 0.7762 against the greenback and 1.0699 against the kiwi around 10:40 pm ET.

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    CHINA SERVICES SECTOR SLOWS IN FEBRUARY - CAIXIN



    The services sector in China continued to expand in February, albeit at a slower pace, the latest survey from Caixin showed on Wednesday with a services PMI score of 51.5.

    That's down from 52.0 in January, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

    Service providers indicated that business activity rose in line with new work. Total new orders increased modestly overall, with the rate of growth likewise easing to a ten-month low. While a number of firms commented on firmer client demand, there were reports that the recent resurgence of COVID-19 cases globally had dampened sales growth.

    Although employment fell, there seemed little pressure on operating capacities in February.

    The survey also showed that the composite index fell from 52.2 in January to 51.7 in February.

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    Denmark Jobless Rate Steady In January

    Denmark's jobless rate remain stable in January, figures from Statistics Denmark showed on Thursday.

    The gross unemployment rate was a seasonally adjusted 4.4 percent in January, same as seen in December.

    The gross unemployment rose by 1,300 to 126,700 in January from 125,500 in the preceding month, the agency said.

    The youth jobless rate, which is applicable to the 16 to 24 age group, remained unchanged at 1.9 percent in January.

    Based on the LFS data, the number of unemployed persons was 182,000 in January.
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