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China Pmi

All articles tagged with #china pmi

business21 days ago

AI-driven rally lifts Asia stocks as China PMI beats expectations

Asian stocks rose after China’s official manufacturing PMI unexpectedly expanded to 50.3 in June, boosting sentiment and a tech-led rally that helped lift major benchmarks across the region; CSI 300 and Shanghai Composite gained while Japan’s Nikkei 225 and Korea’s KOSPI posted solid advances, and MSCI Asia ex Japan rose about 21% over the last three months, even as Hong Kong lagged. U.S. futures were higher ahead of key jobs data and talks with Iran, underscoring a cautiously optimistic backdrop for Q3.

via Investing.com|
#ai#asia-stocks#business
markets22 days ago

Chipmakers and miners push Europe higher as markets digest ECB stance

European stocks opened higher with the Stoxx 600 up about 0.6% as miners and chipmakers led gains (DAX ~0.8%, CAC 40 ~+0.35%, FTSE 100 ~+0.2%). Abivax jumped on positive late-stage data for its bowel-disease drug. ECB President Lagarde urged a basics-first approach and defended recent rate hikes. In Asia, yields rose and the yen weakened to a multi-decade low, while China’s PMI signaled expansion; oil prices slipped on easing Iran–U.S. tensions. U.S. futures were mixed as markets digest cross-asset cues and corporate news.

via CNBC|
#china-pmi#european-markets#markets
Korea-led slide drags Asia markets as metals slump and China PMI signals expansion
business5 months ago

Korea-led slide drags Asia markets as metals slump and China PMI signals expansion

Asia-Pacific stocks fell Monday, led by Korea’s Kospi with futures plunging up to 5%, while Hang Seng and CSI 300 also declined. Gold and silver extended Friday’s declines as investors eyed China’s January PMI, which showed manufacturing expanding at 50.3—the strongest reading in months. Bitcoin slipped back under $80,000 and U.S. stock futures edged lower, signaling a cautious session ahead.

via CNBC|
#asia-markets#bitcoin#business
Oil prices fluctuate amid global economic concerns.
energy3 years ago

Oil prices fluctuate amid global economic concerns.

Oil prices fell due to concerns over the US Federal Reserve raising interest rates, which could slow growth and hit fuel demand, and weaker Chinese manufacturing data. Brent futures for July delivery were down 0.8% at $79.72 a barrel, while US West Texas Intermediate crude lost 0.8% to trade at $76.15. The Fed is expected to increase interest rates by another 25 basis points this week. China's manufacturing purchasing managers' index declined to 49.2 from 51.9 in March, slipping below the 50-point mark that separates expansion and contraction in activity on a monthly basis.

via Reuters|
#brent-futures#china-pmi#energy