Important Economic Event: Chinas HSBC Final Manufacturing #PMI - 01:45 GMT, 31 December 2014 #HSBC conducts a monthly survey on purchasing managers in #China. This survey is viewed as a leading indicator of economic activity because purchasing managers are likely to react quickly to changes in the economic climate, via reductions in spending, hiring, and investment; which all ultimately contribute to #GDP. A figure above 50 indicates industry expansion, while a figure below 50 indicates industry contraction. December’s final figure is expected to remain at 50 from the preliminary reading. Key assets to watch: #Oil [CL-JAN15], #Dow, S&P 500, #NASDAQ Trade Smarter with CWM FX. Visit us at cwmfx to start trading #Forex and #CFDs safely, any time, anywhere.
Posted on: Tue, 30 Dec 2014 22:00:03 +0000
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