With the European and American markets closed for Easter Monday we look towards Asia for some guidance on what tomorrow Tuesday 2nd April 2024 may bring. Asia trading was mixed and not good for Japan's Nikkei 225.
In summary:
Chinese stocks experienced an uptick on Monday as investors evaluated the nation's business activity, while Japanese stocks concluded the day on a lower note amid a decline in business confidence.
According to data from China's National Bureau of Statistics, manufacturing activity expanded in March, with the purchasing managers index (PMI) reaching 50.8, compared to February's 49.1.
Despite economists' expectations of a PMI reading of 49.9, indicating a sector contraction, China's Caixin Global manufacturing survey for March revealed the sector's fastest expansion in 13 months, with a private PMI reading of 51.1, surpassing expectations.
Following this data release, China's CSI 300 index rose by approximately 1.64%, clo ...
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