Markets are trading risk off post the China PMI misses. The manufacturing PMI fell 48.8, versus 49.5 expected and 49.2 prior. Services also fell more than expected to 54.5, from 56.4 prior and the 55.2 forecast. USD.CNH has spiked back up close to 7.1100, near Tuesday session highs. AUD/USD is down through 0.6500 (with a higher than forecast Apr CPI print locally not enough to offset). While NZD/USD is trading at fresh lows, last 0.6015/20, -0.45% weaker for the session. Broader USD sentiment has been supported.

Equity sentiment is weaker, Eminis ticking into negative territory, while the HSI is off by 1.50% at this stage, led by tech off by 2%, although part of this is reflective of weakness in US trade for China tech companies from Tuesday's sessson.
US yields are down a touch, the 2yr back to 4.44%, we opened closer to 4.46%.

EM Bullet Fixed Income News Homepage Commodities Equities Bullet Markets Emerging Markets News Foreign Exchange News

Jonathan Cavenagh

EM Bullet Fixed Income News Homepage Commodities Equities Bullet Markets Emerging Markets News Foreign Exchange News

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Risk Appetite Wanes Post Chian PMI Misses