Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

Nov 03, 2023

Actual

50.4

Forecast

51.2

50.2

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
Dec 05, 2023 (Nov)	09:45			50.4
Nov 03, 2023 (Oct)	09:45	50.4	51.2	50.2
Oct 01, 2023 (Sep)	09:45	50.2	52.0	51.8
Sep 05, 2023 (Aug)	09:45	51.8	53.6	54.1
Aug 03, 2023 (Jul)	09:45	54.1	52.5	53.9
Jul 05, 2023 (Jun)	09:45	53.9	56.2	57.1

News

China industrial production beats expectations in Oct, retail sales rise By Investing.com - Nov 15, 2023

Investing.com-- Chinese industrial production grew more than expected in October, while retail sales also rose past expectations as continued stimulus measures from Beijing appeared to be boosting...

Dollar set to post weekly loss; Fed rate peak looms By Investing.com - Nov 03, 2023

Investing.com - The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been...

Gold prices steady before nonfarm payrolls, weekly losses on tap By Investing.com - Nov 03, 2023

Investing.com-- Gold prices steadied on Friday as traders hunkered down before key nonfarm payrolls data, with the yellow metal headed for a weekly loss as risk appetite improved in the wake of dovish...

Analysis

Commodities Week Ahead: An Oil Rally Will Need China Data, Not Just Supertankers By Barani Krishnan - 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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