Good Numbers from China: investors in Asia access

The prospect of a revival of the economic investors in the Asian equity markets optimistic. For a tailwind at the beginning of the industry contributed to the w

Good Numbers from China: investors in Asia access

The prospect of a revival of the economic investors in the Asian equity markets optimistic. For a tailwind at the beginning of the industry contributed to the week's data from China, indicating that the second largest economy in the world after the suppression of Coronavirus faster than expected on the legs. China's industry reported in July, according to a survey, the highest increase since 2011. The Caixin/Markit purchasing managers ' index rose surprisingly sharply to 52.8 counter.

it was the third month in a row. With caution the investors looked at, however, in the United States, where, as yet, no agreement on a new Corona-aid has been reached. The White house chief of staff, Mark Meadows, said he was not optimistic that it will be available in the near future a solution. In addition, the rating Agency Fitch lowered on Friday the Outlook for America to "negative" from "stable" due to the "continued deterioration of public finances in the United States and the Lack of a credible fiscal consolidation plan-worthy".

", Together with the concerns regarding the development of the labour market and the development of the Coronavirus this is clouding the Outlook could deteriorate further if the fiscal support of the United States is not renewed in a timely manner," wrote Economists at Barclays.

Tokyo rose, the Nikkei Index 2.2 percent to 22.195 points. The stock market in Shanghai was 1.3 per cent in the Plus. The Index of the most important companies in Shanghai and Shenzhen, gained 1.1 percent. The MSCI Index for Asian stocks outside Japan fell from a Six-month High of 0.3 percent.

NIKKEI -- -- (--) TOKYO SECitigroupBNP Paribas 3M 1J 3J 5J For detail view
Updated Date: 03 August 2020, 07:20

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