China official July Manufacturing PMI 49.3 (vs. expected 49.2) & Services 51.5

official PMIs for July from the National Bureau of Statistics (NBS):

Manufacturing 49.3, remained in contraction for the fourth straight month

  • vs. expected 49.2, prior 49.0

Non-manufacturing 51.5

  • vs. prior 53.2

Composite 51.1

  • prior 52.5

There will be more stimulus announced for China later today:

This article was written by Eamonn Sheridan at Source