The Week In Hindsight, 02 June 2014
Chinese manufacturing rebounded during May, according to PMI data released on Monday morning. The survey indicated activity within the sector reached its highest level for 2014 so far, which may prompt some investors and traders to scale back their expectations of PBOC intervention over the coming months, leading to lower levels in the SSE Index over the coming days.
This morning’s release followed a quiet week in the economic data calendar for CNY markets however, the coming days see May’s Non-Manufacturing, HSBC Final Manufacturing and HSBC Services PMI figures released to investors.
While expectations are positive for many of the economic barometers due to print figures this week and although the improvement in Manufacturing conditions is positive for the Chinese economy, challenges still remain.
Overall we expect, like many others, that the Chinese economy will continue to grow faster than other developed and emerging markets; growth is still likely to be weaker than in previous years and for this reason the recent numbers must be regarded with caution.
The information provided by Stockatonia, via both the telephone as well as the Stockatonia websites, is prepared as general information and general information only. As a result, the information in question does not constitute a recommendation to either buy and sell or not to buy and sell, any items or products treated as securities or financial instruments under UK laws and regulations.
To the extent that it is necessary, you agree not to act directly upon any information made available via telephone contact with Stockatonia and its representatives, as well as online contact with Stockatonia and its representatives, without first consulting your own financial adviser or investment adviser.
To the extent that it is permitted under the laws of the United Kingdom, Stockatonia and its representatives can accept no liability whatsoever in relation to losses incurred by clients, prospective clients and members of the public where these losses have arisen out of action, or inaction, which has taken place as a result of any form of contact with Stockatonia or its representatives.
This may be contact carried out by internet-driven media, letters and materials which are sent by post as well as information conveyed by Stockatonia and its representatives via the telephone.