This Week's Chinese Flash PMI Will Be The Most Closely Watched One In History

china bicycle flag

Photo: Feng Li/Getty Images

In his morning overview of what he’s chatting about with traders, Stifel, Nicolaus’ Dave LutzĀ  writes: This week’s most closely watched data release will be Wednesday’s “flash” estimate of China’s manufacturing PMI for October.

Actually, this will probably be the most-watched Flash PMI number in Chinese history, for two reasons.

For one thing, there’s virtually no data this week in the US. Seriously, the calendar is very light, so just by virtue of the data vacuum, everyone will be interested.

Furthermore, there’s lots of buzz about green shoots/comebacks in China, and the Flash PMI may be the first legitimate chance to get a glimpse at that.

Between those two things, this will probably be the most closely watched on ever.

For more on the growing optimism in China, see here >

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