China factory activity expands at fastest pace in 3 months, but fails to lift FTSE futures

China’s manufacturing activity expanded at the fastest pace in three months in June. 

China’s official PMI came-in at 51.7 in June, the eleventh straight month of expansion. New orders rose to 53.1 from 52.3. Export orders also ticked higher to 52.00. 

However, the upbeat data has failed to stabilize the risk sentiment in the markets. The FTSE 100 futures are down 15 points or 0.21%. DAX futures are down 22 points as well. 

Asian indices have ignored the China data as well. Australia’s S&P ASX 200 is down 84 points.