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Chinese Manufacturing

All articles tagged with #chinese manufacturing

finance2 years ago

"Market Volatility Ahead: Fed Meeting and Disappointing Chinese Factory Data Take Center Stage"

U.S. stock futures were mixed as investors awaited the Federal Reserve's policy decision later in the week and digested disappointing Chinese manufacturing data. The Fed's two-day meeting is expected to be the highlight of a busy week that includes corporate earnings and key economic data. Caterpillar and Pfizer are set to report their quarterly earnings, while Chinese factory activity contracted in October, dampening hopes for an economic rebound. Oil prices rebounded after a sharp fall, but concerns about slowing fuel demand in China persisted.

via Investing.com|
#chinese-manufacturing#earnings-reports#federal-reserve
economy2 years ago

Contrasting Manufacturing Trends: China's Unexpected Growth and Australia's Resilience

Chinese manufacturing activity unexpectedly grew in August, with the Caixin PMI reading 51.0, its highest level since February. The growth was driven by improving local demand and an uptick in new orders, offsetting a slowdown in overseas demand. However, analysts warn that the Chinese economy still faces pressure, particularly due to worsening conditions in its biggest export markets. The Caixin survey focuses on smaller, private enterprises and contrasts with the official reading, which showed a fifth straight month of contraction in the manufacturing sector. Despite recent stimulus measures, the Chinese economy is expected to face sustained headwinds in the coming months.

via Investing.com|
#caixin-pmi#chinese-manufacturing#economy