Chinese Manufacturing PMI Misses the Mark
Chinese Manufacturing PMI has come in at 49.7 versus 50.3 expected.
Rowan Crosby•Wednesday, January 2, 2019•1 min read
Chinese Manufacturing PMI has come in at 49.7 versus 50.3 expected.
We had official Manufacturing PMI released early in the week and it missed the mark so there has been some interest in today’s number. Today’s data was from the private survey which is never as big as the official data.
The AUD/USD, which is a good proxy for China is now relatively unchanged on the data. US and Asian equity futures are selling off.
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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