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China data could have been worse - markets rejoice
So perhaps I am hard to please but I'm struggling to see anything overwhelmingly positive with the numbers. But then my opinion is irrelevant as the markets have decided to push on higher, and may set a positive tone at European open for stocks and risk. The Caixin PMI remained 'stable' at 47.2 (its lowest since April 2009) to show the sector is clearly contracting. Services is still expanding mildly at 50.5 but this fell short of the 51.2 expectations. NBS manufacturing, like the Caixin measurement, is also contracting at 49.8 but not as bad as the 49.6 expected by analysts. The markets rejoiced because it could ... (full story)
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- Sep 30, 2015 11:38pm Sep 30, 2015 11:38pm
- Olu
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- toptrader11
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- paddlepip
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