Important Economic Event: Chinas #HSBC Manufacturing PMI (Nov) (Prelim) - 01:45 GMT, 20 November 2014 HSBC conducted a monthly survey on purchasing managers in China. This survey is viewed as a leading indicator of economic activity because purchasing managers are likely to react quickly to changes in the economic climate, via reductions in spending, hiring, and investment; which all ultimately contribute to #GDP. A figure above 50 indicates industry expansion, while a figure below 50 indicates industry contraction. November’s preliminary figure is expected to decrease slightly from 50.4 to 50.3. This slight downtick in Chinese PMI is not likely to heavily dampen investors’ sentiment, but is likely to spur awareness of the fragility of the Chinese economy. Key assets to watch: #Oil, #Dow, S&P 500, #NASDAQ Stay tuned for more #Forex Updates with CWM FX visit our homepage today: cwmfx
Posted on: Wed, 19 Nov 2014 22:00:00 +0000
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