Market participants will return from the New Year holiday on Tuesday looking for trading catalysts. The Caixin Manufacturing PMI report out of China could perhaps be one of them.
China's Caixin Manufacturing PMI Report for December (Monday, January 1, at 8:45 p.m. ET)
- Why it's important
- The Caixin manufacturing PMI report offers insight into the level
of business activity for China's smaller manufacturers and will either
heighten or calm concerns about the pace of economic growth in China.
- The dividing line between expansion and contraction is 50.0
- Reports on manufacturing activity in China have the ability to move commodity prices
- Chinese authorities are taking steps to rein in speculative excess in China's property and financial markets. This report will contribute to the market's thinking about the impact (or lack thereof) of those efforts.
- A sub-50 reading would stir some doubts about the synchronized global growth narrative that has been underpinning global equity markets
- The Caixin manufacturing PMI report offers insight into the level of business activity for China's smaller manufacturers and will either heighten or calm concerns about the pace of economic growth in China.
- A closer look
- The Caixin manufacturing PMI report checked in at 50.8 for November, down from 51.0 from October
- What's in play?
- China ETFs
- iShares China Large-Cap (FXI)
- ProShares UltraShort FTSE China 50 (FXP)
- Deutsche X-trackers Harvest CSI 300 (ASHR)
- ETFs for regional markets
- iShares MSCI Japan (EWJ)
- iShares MSCI Australia (EWA)
- iShares MSCI Hong Kong (EWH)
- iShares MSCI South Korea Capped (EWY)
- iShares MSCI Singapore (EWS)
- iShares MSCI Taiwan (EWT)
- iShares MSCI Malaysia (EWM)
- iShares MSCI Emerging Markets (EEM)
- Index ETFs
- SPDR S&P 500 ETF (SPY)
- PowerShares QQQ Trust (QQQ)
- iShares Russell 2000 (IWM)
- SPDR Dow Jones Industrial Average ETF (DIA)
- S&P futures
- China ETFs