Chinese RatingDog Services PMI (Jan) 52.3 vs. Exp. 52.0 (Prev. 52.0)
The Chinese Services PMI for January came in at 52.3, slightly beating expectations of 52.0 and matching the previous print.
[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. 52.0 (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 modest beat suggests stability in the services sector, reinforcing positive growth prospects for the economy. It may influence sentiment around the yuan and broader regional risk appetite, particularly in the context of ongoing recovery narratives.
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