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UBS have eyes on China's Caixin Services PMI for Politburo stimulus action

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... Read More
Posted: Aug 1 2023, 03:07
Author Name: forexlive
Views: 112578

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