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China's August HSBC PMI declines to 47.6 from 49.3 in July, and from the flash estimate of 47.8....

China's August HSBC PMI declines to 47.6 from 49.3 in July, and from the flash estimate of 47.8. It's the lowest print since the dark days of March 2009. The number falls into the "so bad it's good" category, with Shanghai, Hong Kong, and Sydney all reversing early losses to turn higher as thoughts turn to stimulus out of Beijing. S&P 500 futures, -0.5% earlier, now off 0.2%.
Comments (7)
  • fourchan
    , contributor
    Comments (80) | Send Message
     
    HSBC China Manufacturing PMIā„¢
    Manufacturing sector operating conditions worsened at the sharpest rate in 41 months

     

    tick tick boom!
    3 Sep 2012, 02:17 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
     
    No worries ... Banana Ben will manufacture trillions in currency swaps with China or maybe dream up a Chinese specific trillion plus Chinese QE. Bennie can save the world, or at least anyone with access to the Fed or the banking cabels anyway. Next step is Chinese junk as collateral for the Fed.
    4 Sep 2012, 01:14 AM Reply Like
  • donwon77
    , contributor
    Comments (6) | Send Message
     
    Low China PMI is worse than PMS
    3 Sep 2012, 08:17 AM Reply Like
  • donwon77
    , contributor
    Comments (6) | Send Message
     
    Low China PMI is like PMS.
    3 Sep 2012, 08:17 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    AUD/USD down -0.82%. Looking for downside target of 1.015.
    3 Sep 2012, 12:09 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Didn't make it: RBA maintained rates and AUD has thrust upward. Took profits I had and may plan to re-enter short again later at higher levels.
    4 Sep 2012, 12:55 AM Reply Like
  • Daniel Banaszak
    , contributor
    Comments (160) | Send Message
     
    So bad it makes we want to buy everything.
    3 Sep 2012, 11:54 PM Reply Like
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