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Asian markets are set to finish the year with a bit of a bang. We have some especially interesting data coming out on the last day of the year. Chinese PMI data is expected to get extra attention. This is because it’s the first economic measurement that we have since the signing of the “Phase I” trade deal.
With many traders in the US and Europe away from their desks for the holidays, the market could have an unusual and stronger reaction to the data. Some analysts might wait until Thursday when markets start returning to normal. On this day we get the private Caixin survey and have a fuller view of what’s going on in the Chinese economy.
What we are Looking for
Tomorrow we have the publication of the “official” NBS PMI survey, with the market focus on the manufacturing component. Expectations for December manufacturing PMI for it to slip technically back into co...
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