Focus on Chinese factory activity at the start of new quarter, with mixed expectations for PMIs.

From Yahoo Finance: 2024-06-30 17:49:37

Asian markets are kicking off the new week, quarter, and second half of the year, with a focus on Chinese factory activity. The Caixin manufacturing PMI for June will provide insight into the recovery. Economists expect the unofficial PMI to fall slightly, while China’s official PMI remains unchanged at 49.5. The broader picture shows growth in activity, but at a slower pace, with other Asian countries releasing their manufacturing PMIs as well. Financial market ripples may be felt from the French election results, while inflation figures from the U.S. point towards potential Fed rate cuts this year.



Read more at Yahoo Finance: New quarter, same old China PMIs