Free Trial
US EURODLR FUTURES

Minor Pullback Doesn't Change Substantial Rally

US TSYS

Real Yields Leading Rally

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: China Jul Manufacturing PMI Contracts On Covid Fear

The official China PMI contracts as fresh Covid concerns stopped June recovery in its tracks.

True

The China Purchasing Managers' Index (PMI) unexpectedly declined to 49.0 in July from June's 50.2, falling into the contraction territory again after shortly bouncing back from Covid-19 lockdowns, as fresh virus flare ups weighed, data from the National Bureau of Statistics on Sunday showed.

Both the production and new order sub-indices fell 3.0 and 1.9 percentage points to 49.8 and 48.5, respectively, back to the contraction territory.

Keep reading...Show less
111 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The China Purchasing Managers' Index (PMI) unexpectedly declined to 49.0 in July from June's 50.2, falling into the contraction territory again after shortly bouncing back from Covid-19 lockdowns, as fresh virus flare ups weighed, data from the National Bureau of Statistics on Sunday showed.

Both the production and new order sub-indices fell 3.0 and 1.9 percentage points to 49.8 and 48.5, respectively, back to the contraction territory.

Keep reading...Show less