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$CapLand China T (AU8U.SG)$ China’s official purchasing mana...
China’s official purchasing managers’ index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday.
The data beat expectations for 49.9, according to a Reuters poll. September’s reading was 49.8. The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4.
“I expect the economic momentum to improve moderately in Q4 as monetary and fiscal policies [loosen],” Zhiwei Zhang, president and chief economist, at Pinpoint Asset Management, said in a note.
China’s parliament standing committee is scheduled to meet next week, and is widely expected to release details on fiscal stimulus after the gathering ends on Nov. 8.
The sub-index for production came in at 52 for October, while that of new orders was 50. Raw materials inventory ticked up to 48.2, still in contraction territory, along with employment at 48.4, which was mildly better than the prior month.
The data beat expectations for 49.9, according to a Reuters poll. September’s reading was 49.8. The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4.
“I expect the economic momentum to improve moderately in Q4 as monetary and fiscal policies [loosen],” Zhiwei Zhang, president and chief economist, at Pinpoint Asset Management, said in a note.
China’s parliament standing committee is scheduled to meet next week, and is widely expected to release details on fiscal stimulus after the gathering ends on Nov. 8.
The sub-index for production came in at 52 for October, while that of new orders was 50. Raw materials inventory ticked up to 48.2, still in contraction territory, along with employment at 48.4, which was mildly better than the prior month.
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DSWL74 : so what does that mean? this share will go up?
Deep Sea OP DSWL74 : Just for info.
有事想问 Deep Sea OP : So will the analysis and judgment of the information decrease or increase? haha
intellectual Sheep_2 : wrong on dbs and now this. where did this inflated confidence come from
Deep Sea OP intellectual Sheep_2 : DBS stock will drop more when more rate cut happens. Next week is the 2nd rate cut.
Deep Sea OP intellectual Sheep_2 : You better read what this reit business is in and which country it is operating in. Why PMI can impact its leasing business and rental. Then you will know why the posted news is for.