News Headline Summary

Chinese HSBC Manufacturing PMI (Dec) M/M 51.5 vs. Exp. 50.9 (Prev. 50.5); highest since May 2011

Update details:

- A sub-index tracking new orders showed even more room for optimism, rising to 52.9, its highest level since January 2011.
- 'Such a momentum is likely to be sustained in the coming months when infrastructure construction runs into full speed and property market conditions stabilise,'according to HSBC's chief economist for China.

Reaction details:

- AUD/USD immediately spiked higher by 8 pips from 1.0397 to 1.0405, trades 1.0406 (+34 pips) last.
- 2 minutes after, Hang Seng moved up by 0.22%, trades 22,654.79 last.

Print 01:45, 31 Dec 2012 - Other Data - Source: Newswires