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China flash PMI rebounds to ease hard-landing fears

Capital Gains LIVE                                       

Welcome to Capital Gains LIVE  The well-known print magazine has now gone digital.  For years we have brought you the best micro-cap and penny stocks by traditional print.  Now we are happy to offer you a digital version and weekly email reports, as well.  But talk is cheap.  Just sign up for our FREE newsletter, and see the results for yourself.

 

In the news...

 

China flash PMI rebounds to ease hard-landing fears
BEIJING (Reuters) - China's vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world's second-largest economy.

HSBC's flash purchasing managers' index (NYSE:PMI) also showed price pressures eased in China, underlining consumer price data that has shown a slight pullback in inflation from three-year peaks.

The flash PMI, designed to give an early snapshot of the month's factory activity, rose to 51.1 in October from September's final reading of 49.9 as new orders and new export orders expanded.


 

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