HomeEconomyMarketmind: China PMIs in focus as Q3 kicks off Economy Marketmind: China PMIs in focus as Q3 kicks off By inew July 3, 2023 0 50 views Share FacebookTwitterPinterestWhatsApp JP 13 +1.% Add to/Remove from Watchlist Add to watch list Location successfully added to: Please say Out of your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 13 1: 13 1: 75 1: 28 Committee: 466 CREATE NEW WATCHLIST CREATE 445 178 1000 Create a new position portfolio Add Create 1000200 13994 + add another position to close 178 TSLA +1. 25% 75 Add to/from Watchlist delete Add to watch list Add location Location successfully added to: Please tell us your portfolio type: purchase Sell date: quantity : price Point value: Leverage: 1:1 1: 1: 1: Jamie McGiver (Reuters) – Financial markets columnist Jamie McGeever’s outlook for the day ahead in Asian markets. Against a backdrop of surprisingly strong U.S. economic data and a growing belief that risky assets can afford “higher risk,” Asia kicked off the new quarter with optimism and momentum boosting world markets. Longer-term global interest rates. If this continues, Asia could have huge upside relative to other regions – Ex-Japan stock markets in Asia outperformed sharply in Q1 China’s stock market even fell behind in the first half of the year. World stock markets are almost up %, Surge % – Achieved Freshness reached in the process Yearly peak – but MSCI’s Asia ex-Japan index was up just 1. % in US dollars. Blue chips fell 0. %. Trading volumes may be lower on Monday due to the US 4th of July holiday, but Wall Street’s rally on Friday should There will be an increase in risk appetite as investors face a slew of top-level regional economic data and a number of policy decisions this week. Purchasing Managers Index (PMI) reports on Monday across the Asia-Pacific region, including China, India, South Korea and Australia, will show for the first time private sector services for June and factory activities. Consumer price inflation data from South Korea, Indonesia, Thailand, Philippines and Taiwan will show how inflation subsided across the continent last month and flows, while the central banks of Australia and Malaysia are due to announce their latest interest rate decisions. Monday’s Asian economic calendar is dominated by a series of manufacturing PMIs, including China, Indonesian inflation, Japan’s Q2 “Tankan” Business climate surveys and Australian real estate. China Caixin manufacturing PMI is expected to fall back to .9, indicating that growth in the factory sector has slowed to almost a stagnation point. The official PMI, which is expected to show a third month of contraction, is due on Friday. China’s economic performance since the lifting of the new crown epidemic- Limited, putting the country’s stocks, bonds and currency under heavy downward pressure. The China Economic Surprise Index has collapsed and is now deep in negative territory. Investors will be wary of signs of foreign exchange intervention by Chinese authorities to slow the depreciation of the yuan. The central bank last week investigated the interest rates on U.S. dollar deposits offered by some foreign banks to customers, and even directed a commercial bank to lower the rate, the sources said. Be wary of baseless warnings. Yen almost depreciated in % of its value against the USD for the first half of the year. At the same time, equity investors will also digest Tesla (NASDAQ: 225TSLA ) Inc on Sunday announced the delivery of a record 75, Q2 vehicles, above market estimates 19, . Sales in China are also expected to hit record levels. Shipments exceeded expectations, but that was thanks to deep discounts and incentives. Underlying demand is likely to be much weaker. Here are the key developments that could provide more direction for Monday’s markets: – China, India, South Korea manufacturing PMI (June) – Indonesia CPI Inflation (June) – Japan Tankan Business Survey (Second Quarter)65 (Author: Jamie McGeever; Editor: Gao Huiyi) Share FacebookTwitterPinterestWhatsApp Previous articleFrank Field, longtime WNBC New York meteorologist and 'Tonight Show' guest, dies at 100Next article'Ragnarok II' animated second trailer features Buddha, Zero Blessing inewhttps://inew.news RELATED ARTICLES Economy WTO needs progress on ‘non-market’ practices, dispute settlement -USTR’s Tai September 23, 2023 Economy Menendez charges cost Biden key foreign policy ally September 23, 2023 Economy US Supreme Court’s Thomas attended Koch network donor events -ProPublica September 22, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! 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