China - Caixin / Markit Services PMI: 54.5 (expected 54.2)

This the non-official Caixin / Markit PMI services and composite PMI data

Services improve and beat at 54.5

• expected 54.2, prior 54.4

Composite down to 52.7

• prior 52.9

The focus on the data (there is not as much as on the manufacturing PMI) has been overtaken by the news Trump to lump higher tariffs on China from Friday:

• Pres. Trump: China tariffs will go up to 25% on $200B of goods on Friday :
• ICYMI - US President Trump threatens higher tariffs on Chinese goods
• Trump was told by aides that significant hurdles remain to reaching trade deal with China
• Monday morning early spit ball - how will China react to Trump's tariff hike tweets?
• Trump to announce new Iran sanctions this week (report via Axios)
• US equity futures open lower in Sunday trade - here's why ICYMI

• China is now considering cancelling this week's trade talks with the US
• Rumour now is China has cancelled the trade talks (no longer just considering cancelling)
• Goldman Sachs says it sees a 40% chance of US raising China tariffs on Friday (but ... )