The second quarter earnings reports will continue to come in fast and furious, but the week ahead will start with an economic focus after China releases its Manufacturing PMI Report for July over the weekend.
China's Official Manufacturing PMI Report for July (Sunday, July 30, at 9:00 p.m. ET)
- Why it's important
- The official manufacturing PMI report offers insight into the level
of business activity for China's largest 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
- The report on manufacturing activity in China has 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 official manufacturing PMI report offers insight into the level of business activity for China's largest manufacturers and will either heighten or calm concerns about the pace of economic growth in China.
- A closer look
- The official manufacturing PMI report checked in at 51.7 for June, up from 51.2 in May
- 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