Reply To: Traders Market Weekly: Algorithms, Jobs and Holiday Markets

#68234
Truman
Participant

China’s November Manufacturing PMI 49.4 (expected 49.7; last 49.5) and Non-Manufacturing PMI 50.2 (expected 51.1; last 50.6)

China’s official PMI readings for November weakened with the Manufacturing PMI (actual 49.4; prior 49.5) dipping further into contractionary territory while Non-Manufacturing PMI (actual 50.2; prior 50.6) also weakened but remained in expansion.

China will begin requiring permits for exports of certain graphite products, starting tomorrow.

The Biden administration is expected to publish tax credit rules for electric vehicles tomorrow, which could be a negative for Chinese companies looking to build a presence in the U.S.