Reported about 1 year ago
As the KGI Asia Investment Strategy Department mentioned earlier on July 5, 2024, European countries, Switzerland, Sweden, Canada, and some emerging markets have begun easing monetary policies. The focus remains on the timing of the Federal Reserve's (Fed) shift to rate cuts and the extent of rate cuts for the year. Official and Caixin's June Purchasing Managers' Index (PMI) for manufacturing in China continues to show inconsistent trends, with indicators pointing to pressures in the manufacturing sector in terms of new orders, new export orders, backlog of orders, and factory prices, all in contraction territory below 50. However, Caixin's manufacturing PMI has been consistently expanding for 8 months, differing from the official data, indicating a slightly narrowing expansion in new orders and new export orders with a slowdown in market demand release.
Source: YAHOO