Business activity in China has increased
Today, in China, was published an important statistics on manufacturing PMI, which, according to official figures rose to 50.2, that is 0.2 more than the psychologically important mark of 50.0, which indicates expansion in the sector. In February, the figure was at the level of 49.00. The same figure estimated by Caixin was 49.7 in March against 48.0 in the previous period. This statistic increases optimism on the markets and reduce pressure on the defense assets like the yen and gold. We expect growth in China stock index over the medium term, but we can see a decrease in the background of the negative influence of external factors in the near future.
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