Looking Ahead in Asia

This week is expected to be relatively quiet for Asian markets, with a gauge of Chinese factory activity and a barrage of Japanese data the likely focal points.

HSBC’s China flash purchasing manager’s index (PMI) for June is due on Monday and analysts are optimistic for a rebound from May’s figure. Last month, the bank’s final reading came in at 49.4, lower than its flash figure of 49.7.

Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors said that an increase in June’s MNI business indicator points to a rise in HSBC’s preliminary reading. The MNI index rose to 55 this month from 53.7 in May.


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.