Breaking News

China Caixin Services Purchasing Managers Index (PMI)

Latest Release

Jan 06, 2025

Actual

52.2

Forecast

51.7

51.5

The Chinese HSBC Services PMI is compiled by questionnaires sent to purchasing executives in over 400 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. The HSBC Services PMI Index is developed for providing the most up-to-date possible indication of what is really happening in the private sector economy by tracking variables such as sales, employment, inventories and prices.
A higher than expected reading should be taken as positive/bullish for the CNY , while a lower than expected reading should be taken as negative/bearish for the CNY.

Importance:

Country:

Currency: CNY

Source: S&P Global

Release Date	Time	Actual	Forecast	Previous
Feb 04, 2025 (Jan)	20:45			52.2
Jan 05, 2025 (Dec)	20:45	52.2	51.7	51.5
Dec 03, 2024 (Nov)	20:45	51.5	52.5	52.0
Nov 04, 2024 (Oct)	20:45	52.0	50.5	50.3
Sep 29, 2024 (Sep)	20:45	50.3	51.6	51.6
Sep 03, 2024 (Aug)	20:45	51.6	51.9	52.1

News

Oil prices edge higher; set for weekly losses on Trump energy plans By Investing.com - Jan 24, 2025 3

Investing.com--Oil prices edged higher Friday, helped by better than expected Chinese economic activity, but were on course for a weekly decline as President Donald Trump called for lower crude prices...

Dollar slips ahead of jobs data; Trump rebuts tariffs report By Investing.com - Jan 06, 2025

Investing.com - The US dollar retreated Monday, handing back some recent gains but remained close to a two-year high ahead of the release of key employment data later in the week and as President...

Asia FX slips against strong dollar, Chinese yuan hits 17-yr low despite PBoC aid By Investing.com - Jan 06, 2025

Investing.com-- Most Asian currencies weakened on Monday as the dollar hovered near a two-year high, while the Chinese yuan dropped to a 17-year low, slipping further after breaching a key...

Analysis

AUD/USD: Aussie Slides on Trump Tariff Threats Ahead of CPI Data By Kenny Fisher - Jan 28, 2025

The Australian dollar is in negative territory on Tuesday. In the North American session, AUD/USD is trading at 0.6252, down 0.62%. Australian CPI Expected to Ease to 2.5% Investors are keeping a...

Hang Seng Turning Medium-Term Bearish Despite Improving Services PMI From China By Kelvin Wong - Jan 08, 2025

Sentiment remains fragile in China and the Hong Kong stock market even though China services activities improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan...

WTI Crude: Technicals Suggest Potential Rebound Amid Geopolitical Tensions By Kelvin Wong - Oct 03, 2024 2

The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a...

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