Major PMI Survey Difference
NBS PMI mainly tracks large state -owned enterprises across China, while Caxin PMI focuses on small middle -sized firms in particularly coastal areas. As a result, Caixin PMI often provides a more comprehensive picture of private sector performance.
Many major developments can determine the market spirit:
This can be another important week for global markets. Traders should consider the following events and data for near-term AUD/USD and Hang Seng Index trend:
China’s chief trade negotiator Lee Chengang met last week to discuss trade with US authorities. According to CN Wire, he met the representatives of the US Department of Commerce, the office of the US trade representative and the representatives of the Treasury Department to discuss the terms from previous agreements.
- China’s economic data release:
Caixin manufacturing PMI (1 September) and Caixin Services PMI (3 September) will affect the spirit. The possibility of a weak number will be on emotion, although traders can raise the expectations of support support from Beijing. On the other hand, upbeat data may promote the demand for risk property.
Market trends and approaches
The mainland CSI 300 and Shanghai Composite Index of China increased by 2.71% and 0.84% in the week ended August 29, on the expectation of a business deal and fresh excitement measures. However, the Hang Seng index increased the trend, falling 1.03%. Weakening Chinese industrial profits and changes in the spirit of fed policy affects the demand for Hong Kong-list shares.
