Market updates on August 23
Will the Fed Chair changes his views during the speech today?
China December factory surge slows moderately notwithstanding smog war
In December, surge in China's sprawling manufacturing sector slowed a bit notwithstanding strict pollution measures, which have made some factories curb output, and also a cooling housing market, as a Reuters survey disclosed.
On Sunday, the official manufacturing Purchasing Managers' Index is believed to sag marginally to 51.6 for December from November’s suddenly firm outcome of 51.8, as a median estimate of 30 experts surveyed by Reuters revealed.
While the reading is considered to be soft enough, it would still suggest that the 18th straight month of expansion for the Asian country’s manufacturers, reporting their strongest revenues in years due to a building boom as well as resurgent export demand. As a matter of fact, the 50-mark divides contraction from expansion on a monthly basis.
The private Caixin PMI is going to be unveiled on January 2, while the Caixin services PMI will be published on January 4.
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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