Asian equities rose on Monday as investors cheered upbeat Chinese economic data and another record close on Wall Street.
A flash reading of HSBC’s China purchasing managers’ index (PMI) rose to 50.8 in June, the first expansion in six months. The figure was well above May’s final reading of 49.4 and Reuters estimates for 49.7.
Friday’s session on Wall Street also lifted sentiment in the region. U.S. stocks rose for the sixth straight day, with the Dow Jones Industrial Average and the S&P 500 hitting record highs.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015