According to analysts from Danske Bank, today’s data showing weaker profit growth and the PMI underline Chinese slowdown. Key Quotes: “The official version of PMI manufacturing for November dropped further to 50.0 from 50.2 in October. It just escaped falling below the psychologically important 50-level, which would have signalled contraction. The details showed another drop in the new orders index to a two-year low. Data on industrial profits painted a similar picture as they showed a decline to 3.6% y/y in October from 4.1% in September.” “The slowdown is no big surprise and is in line with our expectations. We look for stimulus to kick in more forcefully during the first half of 2019 and it might be increased further through tax cuts for households and companies, and possibly more reductions of the Reserve Requirement Ratio for banks. When a trade deal is finally struck, which we look for eventually, it should also lift uncertainty and underpin demand.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next December BoC Preview: Beaten by the oil drum – TD Securities FX Street 4 years According to analysts from Danske Bank, today's data showing weaker profit growth and the PMI underline Chinese slowdown. Key Quotes: "The official version of PMI manufacturing for November dropped further to 50.0 from 50.2 in October. It just escaped falling below the psychologically important 50-level, which would have signalled contraction. The details showed another drop in the new orders index to a two-year low. Data on industrial profits painted a similar picture as they showed a decline to 3.6% y/y in October from 4.1% in September." "The slowdown is no big surprise and is in line with our expectations.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
