HSBC’s flash estimate of the China purchasing managers’ index (PMI) is likely to feature high on the list of data to be watched closely in Asia this week.
The week ahead also sees the latest inflation releases from Japan, Australia, Hong Kong and Singapore, while any comments from Japanese Prime Minister Shinzo Abe following Sunday’s election win for his ruling coalition to the upper house of parliament could also be in focus.
The HSBC PMI is due out on Wednesday and should provide the first clues of how the manufacturing sector is holding up this month.
The HSBC June PMI fell to a nine-month low of 48.2 from 49.2 in May, slipping further below the 50-mark that divides expanding activity in the sector from a contraction.
Data on China’s economy is much in focus for global markets as investors try to assess the extent of a slowdown.
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