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China's CSI 300 jumped 8.48% in its best day since 2008 on a stimulus rally, while Japan's Nikkei 225 fell 4.8% as the yen weakened after Japan's LDP leadership vote. China's official September manufacturing PMI came in at 49.8, above expectations, while the Caixin PMI fell to 49.3.
China's stimulus-driven equity rally signals stronger expected demand, while weak manufacturing PMIs show the economy is still contracting; the mixed picture has only a modest effect on feed demand.
cnbc.comLim Hui JieSep 29, 2024After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
