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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,553 Blog Posts

Chinese Manufacturing PMI Climbs to 50.2, First Advance in 7 Months

Dr. Fly Thu Mar 31, 2016 9:08pm EST 3 Comments

Chinese manufacturing PMI came in at 50.2, ahead of expectations and the first advance in 7 months. This might be something of a sell the news catalyst, as far as markets are concerned. Japanese markets aren’t giving a shit about this–as corporate sentiment came in at 3 year lows–helping the NIKKEI plunge by 2%.

pmi

Nevertheless, a positive PMI is better than a weaker one, so it’s good news.

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3 comments

  1. probucks
    probucks
    March 31, 2016 at 9:12 pm

    Let’s pretend that these numbers were actually accurate and… – fuck it, we know this data is b/s

    Nikkei lead the equity rally and i suspect the same for the elevator down.

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    • ironbird
      ironbird
      March 31, 2016 at 11:28 pm

      You cynical bastard. Nikkei looks a little like shit right now.

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  2. bushwacker2
    bushwacker2
    March 31, 2016 at 11:05 pm

    More fake news. Where is the ark parked?

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