{"id":1962916,"date":"2023-07-02T19:03:02","date_gmt":"2023-07-02T23:03:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-q3-kicks-off-with-china-pmi-in-spotlight\/"},"modified":"2023-07-02T19:05:18","modified_gmt":"2023-07-02T23:05:18","slug":"marketmind-q3-kicks-off-with-china-pmi-in-spotlight","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-q3-kicks-off-with-china-pmi-in-spotlight\/","title":{"rendered":"China PMI takes center stage as Q3 begins."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-q3-kicks-off-with-china-pmi-in-spotlight%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1962916&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By Jamie McGeever<\/strong><\/p>\n<p><strong>(Reuters) \u2013 A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.<\/strong><\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>Asia gets the new quarter underway with a sense of optimism and momentum buoying world markets on the back of surprisingly strong U.S. economic data and a growing belief that risky assets can withstand \u2018higher for longer\u2019 global interest rates.<\/strong><\/p>\n<p>If that can be sustained, Asia potentially has substantial upside relative to other regions \u2013 Japan aside, Asian stocks massively underperformed in the first half of the year, and Chinese equities even declined.<\/p>\n<p>World stocks rose almost 13%, Japan\u2019s Nikkei surged 27% \u2013 reaching fresh 33-year peaks in the process \u2013 but MSCI\u2019s Asia ex-Japan index rose only 1.65% in dollar terms. Blue chip Chinese stocks slipped 0.75%.<\/p>\n<p>Trading volume on Monday may be light due to the July Fourth U.S. holiday, but Friday\u2019s rally on Wall Street should <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-slips-as-bank-lifelines-shore-up-risk-appetite\/\" title=\"Dollar slips as bank lifelines shore up risk appetite\">boost risk appetite<\/a> as investors brace for a deluge of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-q3-kicks-off-with-china-pmi-in-spotlight\/\" title=\"China PMI takes center stage as Q3 begins.\">top-tier regional economic data<\/a> and a couple of policy decisions this week.<\/p>\n<p>Purchasing managers index (PMI) reports on Monday from across the Asia-Pacific region, including China, India, South Korea and Australia, will give the first glimpse into private sector services and factory activity in June.<\/p>\n<p>Consumer price inflation figures from South Korea, Indonesia, Thailand, the Philippines and Taiwan will show how inflation ebbed and flowed across the continent last month, while the central banks of Australia and Malaysia will deliver their latest interest rate decisions.<\/p>\n<p>Monday\u2019s Asian economic calendar is dominated by a raft of manufacturing PMIs including China\u2019s, Indonesian inflation, Japan\u2019s \u2018tankan\u2019 business sentiment survey for the second quarter, and Australian housing.<\/p>\n<p>China\u2019s Caixin manufacturing PMI is expected to fall to 50.2 from 50.9, signaling a slowdown in factory sector growth almost the point of stagnation. The official PMI, expected to show a third month of contraction, will be released on Friday.<\/p>\n<p>China\u2019s economic performance since lifting COVID-19 restrictions has been hugely underwhelming, putting the country\u2019s stocks, bonds and currency under heavy downward pressure. China\u2019s economic surprises index has collapsed and is now deeply in negative territory.<\/p>\n<p>Investors will be alert to signs of FX intervention from Chinese authorities to slow the yuan\u2019s decline. The central bank last week surveyed some foreign banks about the interest rates they offer to their clients for dollar deposits, even guiding one commercial lender to lower such rates, sources said.<\/p>\n<p>They will also be wary of warnings from Japanese authorities that the yen\u2019s slide is unwarranted. The yen shed nearly 10% of its value against the dollar in the first half of the year.<\/p>\n<p>Equity investors, meanwhile, will also be digesting Tesla Inc\u2019s announcement on Sunday that it delivered a record 466,000 vehicles in the second quarter, topping market estimates of around 445,000. Sales in China are expected to reach record levels too.<\/p>\n<p>Shipments beat forecasts but only thanks to hefty discounts and incentives. Underlying demand may be much weaker.<\/p>\n<p><strong>Here are key developments that could provide more direction to markets on Monday:<\/strong><\/p>\n<ul>\n<li><strong>China, India, South Korea manufacturing PMIs (June)<\/strong><\/li>\n<li><strong>Indonesia CPI inflation (June)<\/strong><\/li>\n<li><strong>Japan \u2018tankan\u2019 business survey (Q2)<\/strong><\/li>\n<\/ul>\n<p> (By Jamie McGeever; Editing by Josie Kao)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/marketmind-q3-kicks-off\/attachment\/workers-direct-a-crane-lifting-ductile-iron-pipes-for-export\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Heading into 2024, many voters aren\u2019t feeling positive about the economy under Biden. One America\u2019s Monica Paige is joined by a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cuomo-to-partially-reopen-indoor-dining-in-nyc-for-valentines-day-if-positivity-rates-hold\/\" title=\"Cuomo To Partially Reopen Indoor Dining In NYC For Valentine\u2019s Day, \u2018If Positivity Rates Hold\u2019\">small business owner<\/a> for his insight on the state of the economy.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>One America\u2019s Bridget Bosco speaks with a Front Royal, VA mom and community organizer, Colleen DeLaFleur, about parents\u2019 efforts to get pornographic and objectionable books out of the public library.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>One America\u2019s Bridget Bosco speaks with actor Jim Caviezel, who plays Tim Ballard in \u201cSound of Freedom.\u201d<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>President Trump is heading to Pickens, South Carolina on Saturday to celebrate Independence Day.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) &#8211; Some Dublin airport staff\u2019s financial information has been compromised by a cyber-attack on provider company Aon that also affected various other\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By John McCrank and Carolina Mandl (Reuters) &#8211; Exchange operator Cboe on Friday refiled an application with the U.S. securities regulator to launch\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) &#8211; Google has hired Brazilian former President Michel Temer to lobby lawmakers considering a proposal to regulate the internet, his adviser said\u2026<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Noel Randewich and Tiyashi Datta (Reuters) &#8211; Apple Inc\u2019s stock market value ended a trading session above $3 trillion for the first\u2026<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asia starts the new quarter with optimism and momentum, as strong U.S. economic data and confidence in risky assets boost global markets.<\/p>\n","protected":false},"author":66,"featured_media":1962917,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1962916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1962916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1962916"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1962916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1962917"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1962916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1962916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1962916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}