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Monday, September 23, 2013

China PMI: 2-month growth = 4-year-old record


Asian markets were going down on Friday bad statistics from the U.S. ... However, the Chinese PMI, published Sept. 22, was just wonderful that immediately allowed the Japanese, Chinese and U.S. futures (S & P500 futures gained 3 points) grow up a bit. 
HSBC PMI index for the last 2 months is very well appreciated, despite the severe deterioration in the previous 5 months (which, incidentally, were the worst in annual terms). 2-month growth - an absolute record for the past four years. 
Experts argue that China's monetary policy bears fruit - the market has more liquidity, which ensures the growth of industries. A striking example - the recent surge in prices in the housing sector. 
After the news of China's gold fell to $ 10, though a little later could win. However, despite the successes of China, most of Asia is still trading in the red zone: Indonesian Jakarta Index - minus 1.2%, Indian Institute NIFTY futures dipped -1.25%.