Most Asian markets rose Thursday after a survey showed China manufacturing activity expanded for the first time in more than a year, reaffirming an improvement in the Chinese economy, though Shanghai stocks fell after a strong rebound the previous day.
â€śThe growth trend started in August and has continued to move in the right direction, which looks to justify the governments policies on targeted stimulus, whilst keeping the property sector on a tight rein,â€ť said Andrew Sullivan, a principal sales trader at Piper Jaffray, referring to the China manufacturing data released by HSBC.
Preliminary data released by HSBC Thursday showed Chinaâ€™s manufacturing Purchasing Managerâ€™s Index climbed to 50.4 in November â€” the first reading above the 50-point level, which indicates an expansion, in 13 months, amd rising from a final reading of 49.5 in October.
- 1An economic puzzle has been revised away
- 1U.S. dollar is flat against rivals after data
- 2Yahooâ€™s Yang Is Back Playing Alibaba-Board Power Broker
- 2Retail Sales Increase in U.S. by Most in Four Months
- 2U.S. Stocks Decline on Fed Bets After Retail Sales Climb
- 2Russia sanctions: West's top targets
- 2U.S. retail sales increase broadly; import prices subdued | Top Forex Brokers
- 2U.S. Stocks Fall as Oil Tumbles, Investors Consider Rates
- 2Wall Street dips in early trade on weak jobless claims data
- 2New Zealandâ€™s Dollar Drops on Central-Bank Comments; Pound Rises
Become Our Fan
apple asia stocks asian stocks australian dollar bernanke boj china dollar draghi ecb economy eur eur/usd euro euro zone europe stocks european central bank european stocks eurozone eurusd facebook fed federal reserve forex forex news forex trading fx gbp/usd gold google greece imf obama oil pound spain stock stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks us dollar usd wall street yen