24.05.2011 - China PMI outlook and European debt crisis hit commodities
Commodities prices on the Shanghai Futures Exchange (SHFE) lost ground Monday as international investors wrung their hands over the European debt crisis and HSBC released a preliminary report showing that a key manufacturing indicator will slip to a 10-month low in May. The domestic market was spooked by a report by HSBC released Monday morning predicting that China's Purchasing Managers' Index (PMI) for the manufacturing sector will fall from 51.8 in April to 51.1 in May, said Zhuo Guiqiu, an analyst for Minmetals Futures in Shenzhen..............................................Full Article: Source
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