Market Updates: China Non-Manufacturing PMI Hits 15-Month Low
China's official non-manufacturing purchasing managers index dropped to 53.4 from October's 53.9. A reading above 50 indicates an...
Arslan Butt•Friday, November 30, 2018•1 min read
According to the National Bureau of Statistics, China’s official non-manufacturing purchasing managers index dropped to 53.4 from October’s 53.9. A reading above 50 indicates an expansion in activity, while a figure below that level indicates a contraction.
The US-China trade war continues to play. Let’s hope the G20 Sumit comes up with a settlement, else it’s going to hurt the economy further
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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