Asian stock markets came off their lowest levels of the session to
end the day trading mixed, during late Asian trade on Thursday,
following the release of an upbeat Chinese manufacturing data.
Midway through the session, data showed that China’s HSBC Flash Purchasing Managers Index, the earliest indicator of the country’s industrial activity, rose to a seven-month high of 50.9 in October from a final reading of 50.2 in September. The index remained above the 50.0-mark for the third consecutive month, indicating expansion in manufacturing activity.
The EUR is trading higher against most of the major currencies this morning.
Investors will keep an eye on some preliminary readings of manufacturing and services Purchasing Managers’ Indices (PMI) across Europe for further cues on risk appetite. Additionally, today’s initial jobless claims report in the US will garner market focus for further insights into the health of the nation’s labour market.
Midway through the session, data showed that China’s HSBC Flash Purchasing Managers Index, the earliest indicator of the country’s industrial activity, rose to a seven-month high of 50.9 in October from a final reading of 50.2 in September. The index remained above the 50.0-mark for the third consecutive month, indicating expansion in manufacturing activity.
The EUR is trading higher against most of the major currencies this morning.
Investors will keep an eye on some preliminary readings of manufacturing and services Purchasing Managers’ Indices (PMI) across Europe for further cues on risk appetite. Additionally, today’s initial jobless claims report in the US will garner market focus for further insights into the health of the nation’s labour market.
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