Chinese NBS Non Manufacturing PMI (Feb) 49.5 vs. Exp. 49.8 (Prev. 49.4)

Newsquawk Staff · 4 Mar 2026, 01:50 UTC

What it means

The Chinese NBS Non-Manufacturing PMI for February came in slightly below expectations at 49.5, indicating continued contraction in the services sector, albeit an improvement from January's 49.4. This miss against expectations could signal ongoing challenges in China's recovery, potentially affecting sentiment in Asian markets and raising questions about the sustainability of growth, impacting commodity demand and cross-asset flows.

What our latest note said

US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

Read the whole note Free to read.

Newsquawk Daily

Get the next one free, by email.

What moved overnight, where stocks, bonds, currencies and oil stand, and what’s due today. Written by our analysts.

Both market-open notes, EU and US, every weekday. No account needed. Unsubscribe any time.

If you trade

This headline was on the Newsquawk live feed at 01:30 UTC.

Use the Platform opens our news terminal in your browser, with the live headline feed. It’s news, not a broker.

Use the Platform

Free. No signup, no card.

Case studies

Headlines that moved markets

Headlines from our feed, and what the market did next.

Australian Employment Change (Jul) -15.8K vs. Exp. 15K (Prev. 76.3K)
AUD/USD−0.3%
US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
Moderna (MRNA) downside attributed to early data leaks (link below) - UNCONFIRMED.
MRNA shares−7.1%

See all 193

More on this story

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

What it means

More on this story

Related headlines