China Services Sector Expands in October

Activity in China’s services sector expanded at the fastest pace in 13 months in October, offering further indications that the economy has stabilized, though activity in some important areas including new orders slowed.

The official purchasing managers’ index (PMI) for the non-manufacturing sector rose to 56.3 in October from September’s 55.4, the National Bureau of Statistics said on Sunday.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza