Economic calendar for Asia trade session - 02.01.2018

01.01.2018 / 23:45

Rating:

00:30 Australia - Manufacturing Index of AIG

03:45 China - Caixin Manufacturing PMI- expectations are the indicator to drop to 50.6 from 50.8 last month. This will mostly be the result of the many closed-loop companies in the government that pollute the air. Part of Beijing's 2018 program is to minimize harmful emissions, which in turn will negatively affect production in the country. Given this, even if we see weaker data on China's manufacturing PMI, we do not expect this to have a strong impact on the stock market or JPY and GOLD as havens. However, if data is below 50, this will mean that besides eco-standards, something else is on the Chinese economy and even on the first day investors can start selling Chinese shares and buying Yen and Gold.

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Economic calendar for Asia trade session - 02.01.2018

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