{"id":78650,"date":"2015-09-23T02:16:10","date_gmt":"2015-09-23T06:16:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=78650"},"modified":"2015-09-23T06:56:54","modified_gmt":"2015-09-23T10:56:54","slug":"risk-aversion-after-dismal-china-pmi-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/risk-aversion-after-dismal-china-pmi-data\/","title":{"rendered":"Risk aversion after dismal China PMI data"},"content":{"rendered":"<div id=\"inves-45667193\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 23, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Risk aversion dominated the markets after data showed activity in China\u2019s factory sector shrank at a faster pace than expected in September, falling to its weakest level in 6-1\/2 years due to slowing domestic and export demand.<\/p>\n<p>The preliminary Caixin\/Markit China Manufacturing Purchasing Managers\u2019 Index (PMI) slid to 47.0 in September, the worst since March 2009 and well below market expectations of 47.5 and August\u2019s final 47.3. Any number below 50 represents a contraction in activity.<\/p>\n<p>The selloff in riskier assets gained pace, with stocks and commodity currencies tumbling and sovereign bonds rising. Asian stocks headed for their biggest three-day loss since August\u2019s market rout as Chinese shares tumbled in Hong Kong and Shanghai.<\/p>\n<p>China\u2019s factory activity has now shrunk for seven straight months, amplifying global investors\u2019 fears that the world\u2019s second-largest economy is slowing more rapidly than earlier expected, putting a fragile world recovery at risk.<\/p>\n<p>Today\u2019s soft PMI reading raises the chances that third-quarter economic growth could dip below 7 percent for the first time since the global financial crisis.<\/p><div id=\"inves-1901032858\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Risk aversion dominated the markets after data showed activity in China\u2019s factory sector shrank at a faster pace than expected in September, falling to its weakest level in 6-1\/2 years due to slowing domestic and export demand. The preliminary Caixin\/Markit China Manufacturing Purchasing Managers\u2019 Index (PMI) slid to 47.0 in September, the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-78650","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=78650"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78650\/revisions"}],"predecessor-version":[{"id":78668,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78650\/revisions\/78668"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}