China's Caixin Services PMI leaps to 53.1
|China's Caixin Services PMI clocked in at a surprising 53.1 for the month into September, with broader markets anticipating a restrained reading of 51.5.
Key highlights
China's Composite reading also improved, albeit slightly, ticking up from 52.0 to 52.1 for September, and risk-prone bulls in the Asia-Pacific session may have been given a reason to buy in the early Monday trading window. New orders improved as well, reaching their fastest pace of expansion in over 3 months, though the employment category did hit into contraction, printing at 49.0 for the first time since mid-2016.
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