In a holiday-thinned week for Asian markets, focus is likely to fall on the official Chinese purchasing mangers’ index (PMI) for the latest clues on how the manufacturing sector in the world’s second biggest economy is faring.
The December PMI data is due out on Wednesday and is followed on Thursday by the release of the final reading of the HSBC China PMI for December.
The official PMI stood at 51.4 in November, while the preliminary reading on the HSBC survey showed manufacturing activity slowed in December, raising concerns about the outlook for the Chinese economy.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
Latest posts by Mingze Wu (see all)
- European Bourses Not Enjoying Bullish Winds From US Stocks - 17 April 2014
- More Aggressive Stimulus Possible Despite Premier Li’s Denial - 17 April 2014
- China March FDI -1.5% Y/Y vs +2.05% expected. First decline in more than a year. - 16 April 2014