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UBS have eyes on China's Caixin Services PMI for Politburo stimulus action
So far the July PMIs from China have been disappointing:China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5China's Caixin Manufacturing PMI dropped into contraction July - stimulus hope remainsHeading into this week UBS highlighted the Caixin Service PMI as one to watch. Asking, Will Chinese services activity services data help bring forward stimulus?And answering:The nation’s Politburo hinted at the potential for more measures to boost spending on “bigticket” items li...
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Posted: Aug 1 2023, 03:07
Author Name: forexlive
Views: 112578