Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

Mar 03, 2023

Actual

55.0

Forecast

54.7

52.9

The Chinese HSBC Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The HSBC Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices.
A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.

Importance:

Country:

Currency: CNY

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Apr 06, 2023 (Mar)	09:45			55.0
Mar 03, 2023 (Feb)	09:45	55.0	54.7	52.9
Feb 03, 2023 (Jan)	09:45	52.9	51.6	48.0
Jan 05, 2023 (Dec)	09:45	48.0		46.7
Dec 05, 2022 (Nov)	09:45	46.7	48.0	48.4
Nov 03, 2022 (Oct)	09:45	48.4	49.2	49.3

News

Crude oil weakens; Fed hike concerns outweigh Chinese optimism By Investing.com - Mar 03, 2023

By Peter Nurse ECB Interest Rate Decision Investing.com -- Oil prices retreated Friday on fears that inflation remaining at elevated levels will result in the Federal Reserve keeping monetary policy...

European stocks higher; Lufthansa soars after returning to profit By Investing.com - Mar 03, 2023

By Peter Nurse Investing.com - European stock markets traded higher Friday, boosted by positive sentiment overseas ahead of the release of the final reading of Eurozone services activity data. At...

Dollar heads for losing week; euro gains on hawkish Lagarde comments By Investing.com - Mar 03, 2023

By Peter Nurse Investing.com - The U.S. dollar weakened in early European trade Friday, on course for a weekly loss, amid uncertainty over the extent of the Federal Reserve’s future tightening...

Analysis

Commodities Week Ahead: An Oil Rally Will Need China Data, Not Just Supertankers By Barani Krishnan/Investing.com - Feb 27, 2023

Oil longs may have to wait longer for affirmation of Chinese demand pickup China’s NBS Manufacturing PMI, due Wednesday, could be mixed China may face challenges in turbocharging its economy...

The Stock Market Is Daring The Fed To Taper By Michael Kramer - Sep 03, 2021

This article was written exclusively for Investing.comAfter last week's Jackson Hole meeting, it seems clear that the Fed is very likely to start tapering its asset purchase program later this year....

Barbs Fly At North Atlantic Tariff Organisation By Jeffrey Halley - Dec 04, 2019

President Trump's comments that a trade deal may not happen until after the 2020 election sent stock markets into a tailspin overnight, and are spilling over into the Asia Pacific this morning....

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