The Chinese PMI seems to be on track to improvement.Now what does the HSBC PMI has in store for us on Monday is another aspect we need to check out. The Indian PMI is also due on Monday, now either both can be good or bad then we have a problem on or hands.The crack we saw in the world market las month came about with the poor PMI in china. This time too if it is not up to the mark we could see a deeper crisis looming.Two months in a row will mean real bad news. The effect it will have on the US markets and the emerging markets will be manifold. India if its figures too turn out to be bad news then we could a multiplier effect. The poor GDP data has been already discounted hence we could see the market ignoring the data. However poor PMI is another issue, it will be a confirmation that growth or resurgence in the economy is not going to happen any time soon.
THE HSBC CHINESE PMI COMES OUT AT 7.30 AM AND THE INDIAN PMI COMES OUT AT 10.30 AM.WE COULD SEE THE GERMAN AND UK PMI'S IN THE AFTERNOON ALONG WITH THE US ISM AT 20.30 IN THE NIGHT.
THE HSBC CHINESE PMI COMES OUT AT 7.30 AM AND THE INDIAN PMI COMES OUT AT 10.30 AM.WE COULD SEE THE GERMAN AND UK PMI'S IN THE AFTERNOON ALONG WITH THE US ISM AT 20.30 IN THE NIGHT.