MNI: China CFETS Yuan Index Down 0.15% In Week of Feb 7

MNI: PBOC Net Drains CNY234 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1707 Mon; -1.31% Y/Y

MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHINA: Country Wrap: PMIs Weaker 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Manufacturing PMI’s Dip into Contraction.  January PMI Manufacturing disappointed slipping to 49.1 from 50.1 in December.  January PMI non- Manufacturing disappointed slipping to 50.2 from 52.2 in December.  Both readings were below market expectations. (source: MNI – Market News)
  • Industrial profits’ drop in December of -3.3% signifies are third year for deflation for Chinese corporates and likely will feed into the bond rally in the near term.  Despite the YoY figure rose 11%. (source: MNI – Market News)
  • Hang Seng leads the way up +0.84%, despite early gains the CSI300 has now turned negative at -0.10%, Shanghai +0.09% and Shenzhen at -0.90%.
  • CNY: USD/CNY fixing printed at 7.1698 versus a Bloomberg consensus of 7.2451.
  • Bonds rallied post industrial profit numbers CGB 10YR -3bp today at 1.63%
123 words

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.
  • Manufacturing PMI’s Dip into Contraction.  January PMI Manufacturing disappointed slipping to 49.1 from 50.1 in December.  January PMI non- Manufacturing disappointed slipping to 50.2 from 52.2 in December.  Both readings were below market expectations. (source: MNI – Market News)
  • Industrial profits’ drop in December of -3.3% signifies are third year for deflation for Chinese corporates and likely will feed into the bond rally in the near term.  Despite the YoY figure rose 11%. (source: MNI – Market News)
  • Hang Seng leads the way up +0.84%, despite early gains the CSI300 has now turned negative at -0.10%, Shanghai +0.09% and Shenzhen at -0.90%.
  • CNY: USD/CNY fixing printed at 7.1698 versus a Bloomberg consensus of 7.2451.
  • Bonds rallied post industrial profit numbers CGB 10YR -3bp today at 1.63%