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Trading news
3 Aug 2016
China: PMI suggests that economy is stabilizing - BBH
Research Team at BBH, notes that China’s Caixin service PMI fell to 51.7 from 52.7 (recall that the official measure edged higher to 53.9 from 53.7).
Key Quotes
“The Caixin composite measure rose to 51.9 from 50.3. This is the highest reading since September 2014 and helps reinforce the sense that the Chinese economy is stabilizing. Separately, Australia's services PMI rose to 53.9 from 51.3. It is the strongest since last August.