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HSBC Final Manufacturing PMI data impact on market.

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Posted by : Nifm
30 September, 2014, 1:29 PM
Today's china data hsbc final manufacturing pmi realesed early morning: actual 50.2 forecast 50.5 previous 50.5 Base metals futures edged lower on Tuesday, as weaker chinese manufacturing data than expected data added to concerns over the health of the world's second largest economy. A reading below 50 indicates a contraction in manufacturing activity from the previous month, whereas a reading above indicates expansion. A sub-index measuring new export orders, a gauge of external demand, expanded to a 4-1/2-year-high of 54.5, though domestic demand appeared soft. The 50 mark separates expansion from contraction in activity on a monthly basis. The world's second-largest economy has stumbled this year as a slowdown in the housing market further weighs on softening domestic demand.

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