HSBC Chinese manufacturing PMI has fallen to a nine-month low of 48.3 in June from 49.2 in May...


HSBC Chinese manufacturing PMI has fallen to a nine-month low of 48.3 in June from 49.2 in May and vs consensus of 49.4; manufacturing output index 48 vs 50.7. "Manufacturing sectors are weighed down by deteriorating external demand, moderating domestic demand and rising de-stocking," says HSBC. Beijing's preference for reform over stimulus will have a limited impact in the short term, so HSBC expects "slightly weaker growth in Q2." (PR)

Comments (4)
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    This is having a material effect on copper this early morning. Trading near the April lows. PM market experiencing a major correction. Treasurys selling off. The safe haven is cash or short!
    20 Jun 2013, 06:41 AM Reply Like
  • june1234
    , contributor
    Comments (4356) | Send Message
     
    China is where most of the earnings growth for the majority of S&P 500 companies comes from
    20 Jun 2013, 08:13 AM Reply Like
  • GaltMachine
    , contributor
    Comments (2069) | Send Message
     
    Holy crap!

     

    This is a synchronized world slow-down happening right before our eyes.
    20 Jun 2013, 08:51 AM Reply Like
  • june1234
    , contributor
    Comments (4356) | Send Message
     
    Any number of ways credit bubble out there can pop Watch copper. Chinese use it heavily as collateral throughout their financial system . If it goes could mean problems for the worlds 2nd largest economy's financial system.
    20 Jun 2013, 10:36 AM Reply Like
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