News Headline Summary
Shanghai Comp continues to soar (+4.18%) on better than expected HSBC Manufacturing data and hopes for supportive policies from this weekend's central policy meeting
Analysis details (05:36)
- The market is gaining momentum on expectations that the upcoming Central Economic Work Conference may release an official target for 2013 GDP growth and offer a more detailed policy for urbanization, which will boost investment.
- Chinese HSBC Flash Manufacturing PMI (Dec) M/M 50.9 vs. Exp. 50.8 (Prev. 50.5), a 14-month high and the fifth straight monthly gain.
14 Dec 2012 - 05:30
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts