Market Comment | Cautious mood remains despite surge in oil prices

Summary

The China Caixin composite PMI dropped in April, to 50.8 points (from 51.3 points in March). Despite remaining above the 50-point threshold, the index almost erased last month’s improvement. In addition to this deterioration there is the decline in Services PMI in April (to 51.8 points from 52.2), but continuing to show expansion, offsetting the […]

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