Another Chinese PMI is due today, the December Services and Composite from Caixin / S&P Global. The December PMI's we've had so far have been a mixed bag:
- China Dec Manufacturing PMI 49.0 (vs. 49.5 expected) & Services 50.4 (50.5 expected)
- China Caixin Manufacturing PMI for December 50.8 (expected 50.3)
The market is fired up for good news from Caixin today, given the satisfying manufacturing PMI from them earlier this week. Take care out there folks!
