Chinese NBS Non Manufacturing PMI (Apr) 49.4 vs. Exp. 49.9 (Prev. 50.1)
The Chinese NBS Non-Manufacturing PMI came in lower than expected at 49.4, indicating a contraction below the forecast of 49.9 and a decline from the previous month's reading of 50.1.
Chinese RatingDog Manufacturing PMI (Apr) M/M 52.2 vs exp. 50.9 (prev. 50.8)
US CENTCOM has asked to send the Army's hypersonic missile to the Middle East for possible use against Iran, Bloomberg reports citing sources
Chinese NBS Non Manufacturing PMI (Apr) 49.4 vs. Exp. 49.9 (Prev. 50.1)
PBoC injects CNY 126.2bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8628 vs exp. 6.8414 (prev. 6.8608)
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This suggests weaker domestic demand, which may have implications for China's economic recovery and could influence sentiment around Chinese equities and the yuan, particularly with implications for broader Asian market dynamics.
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