Tuesday, September 29, 2015

EM's suffering below 50 on PMI's - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained and noted that on Thursday the market will get to update its views on China with the PMI releases.

Key Quotes:

"We see upside risks for the final print of the Caixin manufacturing PMI in getting revised up from 47.0 to 47.5, versus expectations for flat. We also see small upside risks for the official manufacturing PMI to tick back up from 49.7 to 49.9, though still remaining below the key 50 mark."

"We have on Thursday September PMI data for a raft of EM countries other than China. The problems that many EM economies are currently having in generating decent levels of growth is clearly illustrated by the fact that, of the other eleven EM countries releasing data, seven had PMIs in August below the 50 level."
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