Chinese RatingDog Composite PMI (Apr) 53.1 (Prev. 51.5)
The Chinese Composite PMI for April came in at 53.1, significantly higher than the previous reading of 51.5.
Rivian (RIVN) CEO says the Co. is developing variants of more affordable R2 vehicles
[MARKET ANALYSIS] DXY softens, Antipodes outperform, JPY lags as Japanese markets remain closed
Chinese RatingDog Composite PMI (Apr) 53.1 (Prev. 51.5)
PBoC injects CNY 26bln via 7-day reverse repos with the rate maintained at 1.40%
[MARKET ANALYSIS] Fixed income lifted following the pause of Project Freedom, US Treasury QRA and EZ PMIs await
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This suggests a stronger expansion in economic activity, which may influence market expectations positively, potentially supporting the yuan and impacting global risk sentiment.
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