Chinese RatingDog Services PMI (Jan) 52.3 vs. Exp. 51.8 (Prev. 52.0)
The Chinese Services PMI for January came in at 52.3, beating expectations of 51.8 and slightly up from the previous month’s 52.0.
[MARKET ANALYSIS] Treasury futures are rangebound amid a lack of fresh pertinent drivers and as supply looms
[MARKET ANALYSIS] Oil remains firm on geopolitical risks, while gold reclaimed the USD 5,000/oz status
Chinese RatingDog Services PMI (Jan) 52.3 vs. Exp. 51.8 (Prev. 52.0)
China's market regulator unconditionally approves CATL (3750 HK), Chery (9973 HK) and others joint venture formation
China's Vice Finance Minister says China is facing persistent headwinds and policy uncertainty
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This robust figure suggests a continuation of positive growth in the services sector, which may support a more optimistic outlook for the Chinese economy and its recovery narrative, potentially influencing forex and commodity markets accordingly.
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