7 May 2014
Concerns of a Chinese slowdown on the rise – Danske Bank
FXStreet (Edinburgh) - Analyst Jens Pedersen at Danske Bank said markets remain worried about the recent Chinese data.
Key Quotes
“Chinese service PMI fell to 51.4 in April from 51.9 in March, another rather downbeat reading on the Chinese economy that adds to the present growth concerns”.
“Concerns about the outlook for China’s economy weigh on Asian stocks this morning and most notably the market in Japan, which has dropped more than 2% after reopening following a public holiday yesterday”.
Key Quotes
“Chinese service PMI fell to 51.4 in April from 51.9 in March, another rather downbeat reading on the Chinese economy that adds to the present growth concerns”.
“Concerns about the outlook for China’s economy weigh on Asian stocks this morning and most notably the market in Japan, which has dropped more than 2% after reopening following a public holiday yesterday”.