PMI Data Shows Improvement in Chinese Economy

Financial markets climbed higher in Asian session on Monday as driven upbeat Chinese PMI data. We have a busy calendar this week with 5 central banks discussing monetary policies. Among, RBA, BOC, RBNZ, ECB and BOE, we believe only the RBA would lower the policy rate as policymakers struggle to stimulate non-mining growth.

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PMI Data Shows Improvement in Chinese Economy