FXStreet (Edinburgh) – The research team at TD Securities expects the key Caixin PMI to be revised higher in the upcoming week.
Key Quotes
“The market will get to update its views on China with the PMI releases. We see upside risks for the final print of the Caixin mfg PMI in getting revised up from 47.0 to 47.5, versus expectations for flat”.
“We also see small upside risks for the official mfg PMI to tick back up from 49.7 to 49.9, though still remaining below the magical 50 mark. Oct 1-7 will also be Golden Week, which means no distractions of SHCOMP equity volatility”.
(Market News Provided by FXstreet)