Nominal Effective U.S. Dollar and China Manufacturing PMI
Nominal Effective U.S. Dollar and China Manufacturing PMI China’s rising manufacturing PMI is bearish for the U.S. dollar. Image: Alpine Macro
Nominal Effective U.S. Dollar and China Manufacturing PMI China’s rising manufacturing PMI is bearish for the U.S. dollar. Image: Alpine Macro
China Manufacturing PMIs China continues to show signs of recovery from the coronavirus pandemic, as China’s manufacturing PMIs expanded in September. Image: Goldman Sachs Global Investment Research
China Manufacturing PMI China Manufacturing PMIs suggest ongoing recovery, after a deep contraction in the first quarter. Image: J.P. Morgan
Global Manufacturing PMI and China Manufacturing PMI The chart suggests a sharp rebound of PMI in Q2 2020 on back of coronavirus. Image: Danske Research
S&P 500 and Caixin China Manufacturing PMI This chart suggests that the relationship between the S&P 500 and the Chinese Manufacturing PMI offers a better explanation since 2015. Image: Danske Bank Research
China Manufacturing PMI and Global Manufacturing PMI Chart suggesting that the global economy should avoid recession and a moderate global recovery is expected in 2020. Image: Danske Research
China Offshore Stock Index (Hong Kong) and China Manufacturing PMI Chart suggesting that the Chinese stock market has more upside. Image: Danske Bank
China Credit Impulse Leads Global Manufacturing PMI China credit impulse tends to lead global manufacturing PMI by 12 months. Credit impulse is the change in new credit issued as a percentage of GDP. Image: Nordea and Macrobond
China and Taiwan Manufacturing PMI The charts suggest a bottom in the Chinese and Taiwanese cycle in early 2020. Historically, this has been positive for global equities. Image: Danske Bank Research
China Credit Impulse and Number of Central Banks Easing vs. Tightening Lead Global Manufacturing PMI This chart suggests that China credit impulse and the number of central banks easing vs. tightening lead global manufacturing PMI by 6 months. Credit impulse is the change in new credit issued as a percentage of GDP. Image: J.P. Morgan