CHINA DATA: Two key leading economic data for China are scheduled for release
Thursday morning. CFLP PMI for October is due out at 0900 local (0100 GMT). The
MNI survey expects the official PMI at 50.3, back to the expansion territory
after remaining below the 50-line, or contraction territory, in the previous two
months. The final HSBC PMI reading for October is scheduled for release at 0945
local (0145 GMT). The flash reading stood at 49.1, showing improvement from
September’s final reading of 47.9. The market will closely watch the two leading
indicators but the support of a good reading to the market will be limited as
investors also focus on the performance of Wall Street after the Hurricane
Sandy.