Sunday, 21 July, 2019

China's manufacturing PMI edges up above 50 in March

Its been a good couple of days from China PMI data China's manufacturing PMI edges up above 50 in March
Russell Knight | 03 April, 2019, 18:25

Growth slowed late a year ago, but never contracted, however, amid a cooling property market and faltering consumer demand for everything from cars to mobile phones.

"Moreover, signs of stabilizing employment are very encouraging, as they may point to more room for policymakers to maneuver toward a balance between economic restructuring and stable growth", he added.

Asian stocks gained to start the day as investors piled in after the positive Chinese manufacturing data.

The good news from China continued on Monday with a private survey showing manufacturing activity in China expanding unexpectedly in March after shrinking for three straight months.

USA crude rose 1.63 percent to $61.12 per barrel and Brent was last at $68.64, up 1.57 percent on the day. With the upward move, the Dow and the Nasdaq ended the session at their best closing levels in almost six months.

At around 6:20 a.m. ET, Dow futures moved up more than 150 points, with the S&P 500 and Nasdaq also in positive territory.

USA data indicated manufacturing activity improved in March while construction spending for February increased. The official manufacturing Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) which measures the performance of the manufacturing sector rose to 50.5 in March, expanding for the first time in four months. A private survey also showed the manufacturing sector in the world's second biggest economy returning to growth. China's State Council said on Sunday the country would continue to suspend additional tariffs on USA vehicles and auto parts after April 1 in a goodwill gesture following a US decision to delay tariff hikes on Chinese imports.

A delegation led by Chinese Vice Premier Liu He is headed to Washington later this week for another round of trade talks.

Solskjaer: Manchester United can't lose many more for top-four finish
We can control what we do on the pitch, performance wise, and we have played well enough tonight, creating chances to win the game.

‘Joker’ Trailer: Joaquin Phoenix’s Ultradark Villain Surfaces Retro-Style At CinemaCon
Additionally, in the caption, Phillips reveals that a teaser trailer for the forthcoming film is set to release tomorrow. In the footage, Joaquin Phoenix's Arthur Fleck is said to be visiting a social worker who cares for him at the facility.

Denny Hamlin gets second victory of the season
That scoring streak ended in the second stage, when he slipped to 15th after a penalty on pit road for an uncontrolled tire. The victor of the second stage has won the last four Cup races this season, and won both Texas races a year ago .

New orders - an indicator of future activity - increased for the second month running, though the pace of growth was marginal.

The result is similar to China's official PMI data that was announced on Sunday (31 March), it showed manufacturing activity increasing to 50.5 in March up from 49.2 the previous month in February. Economists had expected the index to come in unchanged. Some firms were hiring to support higher production and new business development, the release said.

Meanwhile, risk sentiments also bolstered amid signs of progress in US-China trade talks.

Oil prices were higher as the region went to bed, with Brent crude last up 1.17% at $68.38, and West Texas Intermediate rising 0.69% to $60.56 per barrel.

The dollar index fell 0.03 percent, with the euro down 0.09 percent to $1.1206.

Of the blue-chip technology stocks in Seoul, Samsung Electronics rose 0.9% and SK Hynix was ahead 3.23%.

Helped by expectations of a trade breakthrough, Chinese stocks have outperformed every other major market thus far this year. Reflecting the strength in the steel sector, the NYSE Arca Steel Index spiked by 3.3 percent.

Recommended

  • Venezuelan judge moves to strip opposition leader's immunity

    Venezuelan judge moves to strip opposition leader's immunity

    With cooking pots, whistles and flags, dozens of residents spontaneously took to the streets in scattered protests. Jose Aguilar, a Venezuelan consultant living in the United States, said the problems with the power grid run deep.
    Border shutdown? How US consumers could be impacted

    Border shutdown? How US consumers could be impacted

    Many were being diverted from official ports, leading to slowdowns in processing arriving visitors and commercial vehicles. It has threatened to close border crossings between Mexico and the United States.
    Mourners injured in stampede at vigil for slain rapper Nipsey Hussle

    Mourners injured in stampede at vigil for slain rapper Nipsey Hussle

    Los Angeles police Chief Michel Moore has called on the suspect in the killing of rapper Nipsey Hussle to surrender. Hussle had been due to sit down with the LAPD in the coming weeks to discuss gang violence and how to prevent it.
  • March Madness - Final Four odds, betting lines and projected winners

    March Madness - Final Four odds, betting lines and projected winners

    The Spartans are 2-5 in the Final Four round under Izzo, and the Red Raiders are no pushovers. Take the 4.5 points and bet the Auburn Tigers in this game against the Virginia Cavaliers .
    Theresa May hints at election as Brexit votes go before Parliament

    Theresa May hints at election as Brexit votes go before Parliament

    The first motion, calling for the government to negotiate a permanent customs union with the EU, was defeated by 276 votes to 273. Earlier, Mr Barnier said: "No deal was never our desire or intended scenario but the European Union 27 is now prepared".
    Japan names era for incoming emperor Naruhito

    Japan names era for incoming emperor Naruhito

    The imperial era is often used to bookmark a particular period in time, reflecting the overall mood of the population. The new name is expected to embody Japanese ideals and aspirations, while also being easy to read and write.
  • Suspect Arrested In Five Points Slaying

    Suspect Arrested In Five Points Slaying

    Police said turkey hunters found Josephson's body in a rural area near where the suspect once lived. This undated photo provided by the Columbia Police Department shows Nathaniel David Rowland .
    Sanders Pulls in $18 million in First Quarter of Presidential Campaign

    Sanders Pulls in $18 million in First Quarter of Presidential Campaign

    The average age for Sanders's donors was 39-years-old, the campaign said , and almost all donations raised were made online. Beto O'Rourke of Texas likely poses the most serious fundraising challenge to Sanders.
    Mick Schumacher says Ferrari 'feels like home already'

    Mick Schumacher says Ferrari 'feels like home already'

    It was still the first time since 2012 that a Schumacher had led an official Formula One time chart. There has been speculation he could be in F1 by 2020 if he shines this season.
  • Commanders, Alliance of American Football to cease operations

    Commanders, Alliance of American Football to cease operations

    Among those players was Taiwan Jones, who thought he was getting ready to showcase his talent for the up-start league. The AAF is an eight-team professional football league, including the San Diego Fleet, that debuted in early February.
    Nipsey Hussle: police detain suspect in rapper's shooting

    Nipsey Hussle: police detain suspect in rapper's shooting

    Moore told reporters at a news conference televised live that he was certain Holder was watching and urged him to surrender. The shooting Sunday also wounded two other people outside Marathon clothing store that Hussle owned.
    Dozens killed as storm hits southern Nepal

    Dozens killed as storm hits southern Nepal

    Thunderstorms are common during the Nepalese spring, correspondents say, but are rarely violent enough to cause many casualties. The National Emergency Operation Centre informed that the injured are now undergoing treatment at various healthcare facilities.

Cristiano Ronaldo poses in just shorts after grueling swimming session Cristiano Ronaldo poses in just shorts after grueling swimming session In the opening minute, Donnarumma passed straight to Sampdoria forward Gregoire Defrel, who scored easily. Kean's form gives Allegri more options ahead of his side's Champions League quarterfinal against Ajax .

'No more slip-ups for Manchester United in top-four race' 'No more slip-ups for Manchester United in top-four race' I thought the lads played well today - we created chances, with 10 men as well, they scored with their first chance after the sending off.

Steven Adams, Thunder team-mates and fans revel in Russell Westbrook's hot display Steven Adams, Thunder team-mates and fans revel in Russell Westbrook's hot display Thunder: Thunder centre Steven Adams briefly left the game before halftime after being fouled by Moe Wagner. It also put Westbrook on track again of closing in on a third straight season averaging a triple-double.

Aaron Ramsey and Alexandre Lacazette send Gunners third Aaron Ramsey and Alexandre Lacazette send Gunners third "Today, for me, is an important victory and it's important to take this confidence and this position on the table". Aaron Ramsey scored the opener before going off in the 67th minute with what Emery described as a "small injury".

French and Irish leaders meet in Paris to discuss Brexit French and Irish leaders meet in Paris to discuss Brexit He said the European Union would need to seriously consider how to respond to any request from the United Kingdom for a longer extension, in order to avoid leaving with no deal on 12 April.

Brent nears $70 as oil prices rise for fourth day Brent nears $70 as oil prices rise for fourth day Six analysts polled by Reuters estimated, on average, that crude stocks fell by 1.2 million barrels in the week to March 29. They earlier reached $69.96 - the highest since November 12, when they last traded above $70.

Vietnam woman in N.Korean murder case gets 40 months Vietnam woman in N.Korean murder case gets 40 months Kim Jong Nam fell out of favor some two decades ago and lived in self-imposed exile in the Chinese-controled territory of Macau. The pair, who claimed they were tricked into carrying out the killing, were put on trial facing a murder charge.

Zac Efron Channels Ted Bundy’s Terrifying Charisma In New ‘Extremely Wicked’ Trailer Zac Efron Channels Ted Bundy’s Terrifying Charisma In New ‘Extremely Wicked’ Trailer Efron has been widely praised for his portrayal following the movie's premiere at the Sundance Film Festival earlier this year. The cast also includes Jim Parsons , Haley Joel Osment , John Malkovich , and Kaya Scodelario .

Woman with malicious malware arrested at Mar-a-Lago Woman with malicious malware arrested at Mar-a-Lago Holt Kramer, the Mar-a-Lago member, said the club closely scrutinizes members and their guests, checking identification and cars. Zhang also allegedly lied about her identity and claimed she had never told security personnel she was going to the pool.

SBTG is working on a special collaboration with HBO’s Game of Thrones SBTG is working on a special collaboration with HBO’s Game of Thrones Williams spoke with Cosmopolitan back in July 2015, revealing that Game of Thrones author George R.R. Of course, Game of Thrones releases more than just the official "season" posters each year.

Roger Federer lifts 101st title by winning Miami Open Roger Federer lifts 101st title by winning Miami Open Federer gained control in the match, as a break in the first game sapped Isner's confidence. 'Congrats to Roger. Isner's spirit was crushed after he dropped the first set in only 23 minutes.

Trump Lashes Out Over Puerto Rico Funding Trump Lashes Out Over Puerto Rico Funding Talks effectively ended on Monday night after the Senate failed to advance either of the two bills. Although the figures are murky, Puerto Rico has not received $ 91 billion from Washington .

Trump Makes New Announcement On Republican Health Care Plan Trump Makes New Announcement On Republican Health Care Plan They saw how the issue played in 2018, when Democrats made it the cornerstone of their successful drive to win back the House. Trump previously named Scott as one of the Republican senators working on replacement legislation.

Odell Beckham thankful for time with Giants, but won't look back Odell Beckham thankful for time with Giants, but won't look back Of course, this isn't the worst thing OBJ has ever done, but it's just another thing on the laundry list of weird stuff that he's done or said.

House Democrats Move to Subpoena Mueller Report House Democrats Move to Subpoena Mueller Report Nadler had set a deadline of this Tuesday for his own demand for all that work to be turned over, but Attorney General William P. Barr said Mueller left unresolved the issue of whether Trump obstructed justice by undermining the investigation.