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Live news: China equities lead Asian markets lower as hopes dim for US rates cut
Japanese manufacturing activity shrank by the most in 10 months in December, as demand ebbed in Asia’s largest advanced economy.
The au Jibun Bank Japan manufacturing purchasing managers’ index came in at 47.9, the lowest reading since last February and well below the 50-point threshold that separates expansion from contraction.
Weaker domestic and overseas demand for Japanese goods dented new orders and output.
“Demand was . . . lower from key export clients based in China, Europe and North America, and from important sectors like electronics,” said Paul Smith, economics director at S&P Global Market Intelligence.
“Cost pressures nonetheless increased, with input price inflation rising to a three-month high,” he added.
Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown. The New York Times
A light, 4.9-magnitude earthquake struck in Louisiana on Thursday, according to the United States Geological Survey.
The temblor happened at 5:30 a.m. Central time about 6 miles west of Edgefield, La., data from the agency shows.
U.S.G.S. data earlier reported that the magnitude was 4.4.
As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.
Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Central time. Shake data is as of Thursday, March 5 at 8:40 a.m. Eastern. Aftershocks data is as of Thursday, March 5 at 10:46 a.m. Eastern.
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