FXstreet.com (San Francisco) - With a 48.2 figure in June, the HSBC China Manufacturing PMI is expected to be published next July 24 at 2:30 GMT "with most currently expecting a rebound in activity in H2," according to Chris Walker and Eamon Aghdasi, UBS' Strategists.
"We are hesitant to put too much emphasis on the flash print (official PMI will be released on Aug 3rd)," comments the UBS' analysts. "However, this will give us our first glimpse into economic conditions in July, with most currently expecting a rebound in activity in H2."
"Markets are likely to remain highly sensitive to Chinese data, in our view," concluded Walker and Aghdasi.
"We are hesitant to put too much emphasis on the flash print (official PMI will be released on Aug 3rd)," comments the UBS' analysts. "However, this will give us our first glimpse into economic conditions in July, with most currently expecting a rebound in activity in H2."
"Markets are likely to remain highly sensitive to Chinese data, in our view," concluded Walker and Aghdasi.
