Doubts about chinese PMI

Einstein

Well-Known Member
#1
Hello friends, please go through it and let me know what you think of this PMI (news) impact on Indian metal sector. any comments arewelcome.

What is HSBC Flash China Manufacturing Purchase Manager's Index or PMI??

The HSBC Flash China Manufacturing Purchasing Managers’ Index™ (PMI™) is published on a monthly basis approximately one week before final PMI data are released, making the HSBC PMI the earliest available indicator of manufacturing sector operating conditions in China. The estimate is typically based on approximately 85%–90% of total PMI survey responses each month
and is designed to provide an accurate indication of the final PMI data.


Where Can I find this Data?

Bloomberg ( will work soon)
http://www.bloomberg.com/quote/EC11FLAS:IND

http://www.hsbc.com/news-and-insight/emerging-markets


-After taking a look at the historical chart, it seems like 50 is the default value which can be termed as 'neutral' above 50 its bullish economic growth, below 50 its bearish (decline) in the market. here please note India's PMI is at 47.1 and its decreasing as per the chart.



News:-
"A preliminary reading of the HSBC China Manufacturing PMI rebounded to a four-month high of 50.1, compared with last month's final reading of 47.7. New orders surged to 50.5 from 46.6, although external situation remained lacklustre."

So my question is that, after the release of chinese PMI, metal index went straight to heaven like its Indian PMI data and Indian manufacturing is improving. but its not related or is it?? Indian PMI is still bearish.


This is good for Chinese economy then why 'Tata Steel and Sail and JSW' are going up like something good has happened in India??
 

Einstein

Well-Known Member
#2
any analyst who can give his point of view on this topic?? its free to comment in here :D
 

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