SMM11 30-month news: today will first usher in China's official manufacturing PMI data in November, the current market expectations that the data may be slightly better than in October, the impact is expected to be small. This indicator is a leading indicator of economic health-companies can respond quickly to market conditions, and their purchasing managers may represent the company's main view of the economy.
Investors then need to focus on the G20 summit, which will be held from November 30 to December 1. From December 1, Argentina officially began to chair the G20.
One is that Williams, chairman of the New York Fed and FOMC permanent voting committee, will address the G20 meeting. The official's speech on Nov. 20 is slightly hawkish and is expected to support the dollar. Second, special attention needs to be paid to whether the leaders of China and the United States will meet at the summit, including the expectations of the market on the international trade situation, which will have a greater impact on the financial market.
Finally, the Chicago PMI, Chicago PMI in November is expressed as a percentage, often using 50 per cent as the dividing line between economic strength: when the index is higher than 50 per cent, it is considered to be an expansion of the manufacturing sector. When the index is below 50%, especially when it is very close to 40%, there are fears of a depression. The Chicago purchasing managers' index is also a very important subsidiary indicator of the leading index, which is valued by the market.
Today's important financial data are shown in the following table:
