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31 Mar 2016
Get set for China’s March PMIs - TDS
Analysts at TD Securities reminds us of the big data ahead, besides tomorrow's nonfarm payrolls that is, we have China’s March PMIs coming up tonight.
Key Quotes:
"China’s official NBS manufacturing PMI is expected to potentially show a seasonal bounce, helped by aggressive Q1 credit disbursement, but the underlying details are likely to remain unconstructive.
Higher frequency Chinese data, such as the PMIs may take increasing importance for markets, given the Fed’s seemingly heightened focus on global growth factors in policymaking."
Key Quotes:
"China’s official NBS manufacturing PMI is expected to potentially show a seasonal bounce, helped by aggressive Q1 credit disbursement, but the underlying details are likely to remain unconstructive.
Higher frequency Chinese data, such as the PMIs may take increasing importance for markets, given the Fed’s seemingly heightened focus on global growth factors in policymaking."