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The HSBC flash manufacturing index for October came in at 50.9, up from 50.4 in October, an optimistic sign for the mining sector since China is such a key customer for commodities.
The HSBC flash manufacturing index for October in China came in at 50.9, up from 50.4 in October, an optimistic sign for the mining sector since China is such a key customer for commodities.
Sovereign debt concerns have been evident for months now in the euro area, but what should be of growing concern to euro bulls is another disappointing German manufacturing figure released yesterday morning in the form of the flash manufacturing PMI figure printing its lowest number since November last year.
The flash manufacturing PMI for August rose from 54.9 to 55.8, better than the forecast of 54.5.
He said: "Taken together with last week's flash manufacturing PMI, the evidence is mounting that the economy has taken a hit from Brexit.
Rising unemployment claims along with weaker-than-expected flash manufacturing figures have only slightly taken the shine off rises in all three of the major US equity indices.
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The HSBC flash China manufacturing purchasing managers index rose to 49.5 in July from 48.2 in June, rising close to the level — 50 — that divides expansion from contraction.
I don't pretend to understand the subtleties of flash memory manufacturing.
Also on Monday, the financial data firm Markit said its so-called flash, or preliminary, manufacturing purchasing managers index for the United States retreated to 52.8 this month from 53.1 in August, confounding analysts' forecasts for an improvement.
But just minutes after the speech, fresh data showed renewed signs of weakness in the Chinese economy with the Caixin China manufacturing flash PMI coming in at 47, the lowest since March 2009.
The flash estimate of manufacturing from HSBC/Markit showed the purchasing managers' index at 47.8, little changed from the 47.6 recorded in August and below the cut off point of 50 that separates a contracting from expanding sector.
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