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Global PMIs and Possibility for Optimism

Global PMIs and Possibility for Optimism

Monday’s trading session is the first of the quarter and includes a number of data points that could alter the mood of the market. March trading was heavily influenced by the collapses of four banks. This sent investors looking for safe havens. Although optimism is returning, there are still fears.

One question is whether the chaos in banking has made its way to the real world. The PMI figures, which will be released at the session on Monday, could first show this. The survey was taken at a time of greatest concern about the banking system. If the results are positive, investors may feel more confident. Investors could overlook them if they are less than expected. This is because they may be a result of the dissipating bank situation.

The most important data points

China reported its official PMI measure from the National Bureau of Statistics (NBS) in China, showing the composite result leaping to multi-year records. This was due to a rise in the non-manufacturing components to 57.0, which was higher than the projected 55.1 (which was lower that the 56.4 before). The non-manufacturing results were the…

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