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30 Jun 2014
China's official and HSBC/Markit Manufacturing PMI s expected to rise in June - ING
FXStreet (Łódź) - China's official and HSBC/Markit Manufacturing PMI s expected to rise in June - ING
Tim Condon from ING expects China's PMI data to show another increase in June, reinforcing the view that macro fine-tuning produced a bounce in activity in the second quarter.
Key quotes
"The consensus forecast for the official index is 51.0, up from 50.8 in May. The flash HSBC/Market index printed 50.8 in June, bouncing 1.4 points from May."
"The official index moves with the HSBC/Markit index but its bounces and dips typically are smaller. The two consecutive bounces in the HSBC/Markit index have reinforced the view that macro fine-tuning produced a bounce in activity in the second quarter."
"We think greater comfort with the China growth outlook will make emerging market equities the top-performing asset class until markets begin to reprice for the Fed’s lift-off from the zero lower bound."
Tim Condon from ING expects China's PMI data to show another increase in June, reinforcing the view that macro fine-tuning produced a bounce in activity in the second quarter.
Key quotes
"The consensus forecast for the official index is 51.0, up from 50.8 in May. The flash HSBC/Market index printed 50.8 in June, bouncing 1.4 points from May."
"The official index moves with the HSBC/Markit index but its bounces and dips typically are smaller. The two consecutive bounces in the HSBC/Markit index have reinforced the view that macro fine-tuning produced a bounce in activity in the second quarter."
"We think greater comfort with the China growth outlook will make emerging market equities the top-performing asset class until markets begin to reprice for the Fed’s lift-off from the zero lower bound."