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
Aussie market started negative and went further negative on global investor selling before pulling back to slight negative on resource sector strength. Westpac lead the banking sector on the update season and it wasn’t pretty. The risk of falling currency and bad debt risk drove global investors to hammer the... Show More
Aussie market started flat and trended down before getting hit by domestic growth scare with current account deficit blowing out and global growth scare with China PMI falling again. China continues to support their equity market while putting restriction on speculation trading on Yuan. The market remains spooked with Chinese... Show More
The HSBC China Manufacturing PMI fell to a 12-month low of 49.2 in the flash reading for April, down from 49.6 in March. Domestic demand continued to decelerate, which led to slower output growth and less re-stocking. Despite the recent property easing measures and strong infrastructure investment, the sequential slowdown... Show More
Sunset Strip | Aussie market continues to hold up despite geopolitical uncertainties and lack of any clear global lead. US data and US Fed remain supportive of the equity markets while we wait for the next instalment of China PMI...my guess is that it will be a very bullish number...given... Show More
Fair bit of data coming out of Asia today, keep an eye out for HSBC Chinese Manufacturing PMI at 12:45pm. Also inflation data from Singapore, Hong Kong and Taiwan later in the day Show More