China manufacturing stabilizing? - ANZ

FXStreet (Guatemala) - Analysts at ANZ explained that China’s official manufacturing PMI was unchanged at 49.8 in October (mkt: 50.0).

Key Quotes:

"It appears that the manufacturing activity is stabilising, albeit still in contractionary territory. The indicator has remained below 50 for three straight months.

While the PMI has stabilised, it is too early to confirm a bottoming out. However, expansionary fiscal policy and further monetary policy easing should help engineer a modest rebound in Q4 and Q1 2016."