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The HSBC China flash PMI for July comes in at 48.9, showing contraction for the 1st time in a...

  • Thursday, July 21, 2011, 7:22 AM ET
    The HSBC China flash PMI for July comes in at 48.9, showing contraction for the 1st time in a year, and the lowest reading in 28 months. Assets levered to hot Chinese growth - the Australian dollar and copper to name two - drop sharply on the news. Shanghai -1%.
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This news story has 3 comments:

  •  
    Ignored in Oz today. Aussie dipped, sharply ? hardly.
    21 Jul 2011, 07:24 AM Reply Like
  •  
    50 pips in minutes qualifies as sharply. Shares also dropped 0.5% immediately.

    finviz.com/forex_chart...
    21 Jul 2011, 07:27 AM Reply Like
  •  
    China is a master of puppetry. They want lower copper prices to snap up metal on the cheap? Just print a low PMI, et voila, lower copper prices!
    Great isn't it?
    21 Jul 2011, 04:42 PM Reply Like
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