China October NBS Manufacturing PMI increase to 51.4 vs 51.1

Nov 1, 2013

EUR/JPY heading towards ascending trendline support

EUR/JPY is falling further along the Asian session, currently breaking through Thursday's low at 133.30, a technical event allowing further downside this Friday.

China's manufacturing PMI stabilizes at 51.4

China's NBS Manufacturing PMI for the month of October came at 51.4 vs 51.2 expected and 51.1 prior. The number is indicative of a certain stabilization in the Chinese manufacturing sector, after recovering the 50 expansionary territory earlier on the year. At 0145, HSBC reading for October manufacturing PMI is due.