FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Caixin PMI Weaker Than Forecast, Back Closer To Official PMI

CHINA DATA
  • Following this week’s official PMI showing Chinese manufacturing is contracting, today’s Caixin PMI Manufacturing showed a similar trend.
  • The Caixin PMI concentrates on private sector manufacturing companies, which tend to be smaller and more export-oriented.
  • Surveys suggested that the Caixin was to show a continued expansion
  • The data release came in at 49.8, much weaker than expected. Output falls to 50.2 vs 54.6 in June.
  • This was the lowest reading since Oct. 2023. The release likely points to a decline overseas shipments
  • Chinese factories have faced growing uncertainty as the EU moves forward on tariffs and the US election looms with the Republican candidate advocating more tariffs and trade protection.
  • Surveys maintained an expected expansion at 51.5
  • This release highlights the challenges to authorities to support the economy.
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.