Asia Update: Market Pulse Turns Upbeat On China PMI

Published 09/30/2019, 05:28 AM

China PMI

Thanks to the U.S. treasury, the pulse of the market continues to beat and even turned upbeat when China's manufacturing PMIs painted a more encouraging picture overall with an uptick in new orders and export orders. Across the board, key components looked less harmful, led by new orders and production. The data satisfies some of those nagging concerning retailers worries about weak spending over the Golden Week.

There was a mildly positive reaction in risk assets that are still trying to decipher Fridays' blustery headlines from the White House.

The Yuan remains a relative sea of calm as the Pboc continues to temper Yuan weakness via the Fix amid better than expected macro data.

Malaysia

Dr M vs Anwar talks on timing of succession continues.

2020 Budget getting delivered on Oct 11 is now the critical focus which could be the next potential markets catalyst but is keeping investors cautiously positioned as a result the Ringgit continues trading in a relatively tight pattern

Thailand

Haze is now back to Bangkok and started to make headlines which could begin to pressure tourism.

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