A few hours after the markets close in the US on Tuesday, HSBC will report the latest round of services purchasing managers index (PMI) data out of China. The services sector is increasingly becoming the dominant space in the Chinese economy, with recent data suggested that it now accounts for more than 40% of Chinese output. For this reason, any data that pertains to the outlook of the Chinese services sector can be used as a barometer of Chinese economic health going forward. A number of nations rely on China for a large portion of their import revenue, and any unexpected release can impact the value of the ... (full story)