2 Jun 2014
China moves to a moderate recovery – Danske Bank
FXStreet (Edinburgh) - After recent data releases in China, Analyst Jens Pedersen sees the domestic economy leaving behind the sluggish pace of recovery.
Key Quotes
“China’s NBS manufacturing PMI rose to 50.8 in May from 50.4 in April, slightly above the consensus expectation”.
“It was another positive reading, which adds to the picture of an economy moving from a phase of fragile stabilisation to a phase of moderate recovery”.
“The improvement in the economic situation in China should be overall positive for emerging market sentiment and be supportive for commodity markets and particularly base metal prices”.
Key Quotes
“China’s NBS manufacturing PMI rose to 50.8 in May from 50.4 in April, slightly above the consensus expectation”.
“It was another positive reading, which adds to the picture of an economy moving from a phase of fragile stabilisation to a phase of moderate recovery”.
“The improvement in the economic situation in China should be overall positive for emerging market sentiment and be supportive for commodity markets and particularly base metal prices”.