China July PMI bad and good

Callum Thomas

The official manufacturing PMI for China came in at 51.4 in July (51.5 expected, 51.7 previous), and the non-manufacturing PMI at 54.5 (54.9 previous). So at a headline level and at first glance the numbers were down and dissapointed against expectations. The 3-month moving average of the two combined was... Show More

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On The Base Metal Boost -

Hi James, Yes exactly. It's the net change in loan interest rate spreads to bank funding costs... essentially whether or not banks are factoring in more credit risk into the interest rates they charge their customers

On SLOOS is saying something about US High Yield Credit -