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2021-08-04

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Asia-Pacific stocks mostly higher; China's July Services PMI came in ahead of expectations

Japan -0.26%. Jibun Bank/Markit Services PMI 47.4(prior 48.0) & Composite 48.8 (prior 48.9). Comment

Asia-Pacific stocks mostly higher; China's July Services PMI came in ahead of expectations

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Jibun Bank/Markit Services PMI 47.4(prior 48.0) & Composite 48.8 (prior 48.9).\nComment","content":"<p></p>\n<ul>\n <li>Japan&nbsp;-0.26%. Jibun Bank/Markit Services PMI 47.4(prior 48.0) &amp; Composite 48.8 (prior 48.9).</li>\n <li>Comments from IHS Markit: \"The Japanese services economy signalled that demand conditions remained subdued in the wake of a resurgence in COVID-19 cases in July.\"</li>\n <li>China&nbsp;+0.56%.&nbsp;The Caixin/Markit Services PMI for July came in at 54.9, higher than estimate of 50.6 and up from June’s reading of 50.3.</li>\n <li>However, China’s recent resurgence of COVID-19 cases since late July is set to overshadow its services sector and weaken the economic outlook amid newly imposed stringent lockdown and quarantine measures.</li>\n <li>China reported 96 new confirmed coronavirus cases for Aug. 3, of which 71 were locally transmitted.</li>\n <li>Official non-manufacturing PMI, including the construction activity,fell slightly to 53.3 in July, compared with June’s 53.5.</li>\n <li>Hong Kong&nbsp;+1.57%.</li>\n <li>Australia&nbsp;+0.36%.&nbsp;Retail Sales for June fell 1.8% M/M, in-line with preliminary reading, prior +0.4%.</li>\n <li>Q2 retail sales +0.8% Q/Q vs. +0.9% expected.</li>\n <li>Australia Markit&nbsp;Services PMI for July (final) 44.2,&nbsp;lower than prior reading of 56.8. Composite PMI 45.2.</li>\n <li>Overnight on Wall Street, <a href=\"https://laohu8.com/S/.SPX\">S&amp;P 500</a> gained 0.82% to 4,423.15; Dow Jones jumped 0.8% or 278.24 points to 35,116.40 while <a href=\"https://laohu8.com/S/.IXIC\">NASDAQ</a> advanced 0.55% to about 14,761.30.</li>\n <li>Oil prices were lower, with Brent crude futures down 0.39% to $72.13/barrel. U.S. crude futures shed 0.54% to $70.18/barrel.</li>\n <li>U.S. stock futures mostly lower. Dow Jones -0.07%; S&amp;P 500 -0.08%; Nasdaq +0.01%.</li>\n</ul>\n<ul>\n <p></p>\n</ul>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia-Pacific stocks mostly higher; China's July Services PMI came in ahead of expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia-Pacific stocks mostly higher; China's July Services PMI came in ahead of expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 13:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3724659-asia-pacific-stocks-mostly-higher-chinas-july-services-pmi-came-in-ahead-of-expectations><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Japan -0.26%. Jibun Bank/Markit Services PMI 47.4(prior 48.0) & Composite 48.8 (prior 48.9).\nComments from IHS Markit: \"The Japanese services economy signalled that demand conditions remained subdued ...</p>\n\n<a href=\"https://seekingalpha.com/news/3724659-asia-pacific-stocks-mostly-higher-chinas-july-services-pmi-came-in-ahead-of-expectations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3724659-asia-pacific-stocks-mostly-higher-chinas-july-services-pmi-came-in-ahead-of-expectations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119874092","content_text":"Japan -0.26%. Jibun Bank/Markit Services PMI 47.4(prior 48.0) & Composite 48.8 (prior 48.9).\nComments from IHS Markit: \"The Japanese services economy signalled that demand conditions remained subdued in the wake of a resurgence in COVID-19 cases in July.\"\nChina +0.56%. The Caixin/Markit Services PMI for July came in at 54.9, higher than estimate of 50.6 and up from June’s reading of 50.3.\nHowever, China’s recent resurgence of COVID-19 cases since late July is set to overshadow its services sector and weaken the economic outlook amid newly imposed stringent lockdown and quarantine measures.\nChina reported 96 new confirmed coronavirus cases for Aug. 3, of which 71 were locally transmitted.\nOfficial non-manufacturing PMI, including the construction activity,fell slightly to 53.3 in July, compared with June’s 53.5.\nHong Kong +1.57%.\nAustralia +0.36%. Retail Sales for June fell 1.8% M/M, in-line with preliminary reading, prior +0.4%.\nQ2 retail sales +0.8% Q/Q vs. +0.9% expected.\nAustralia Markit Services PMI for July (final) 44.2, lower than prior reading of 56.8. Composite PMI 45.2.\nOvernight on Wall Street, S&P 500 gained 0.82% to 4,423.15; Dow Jones jumped 0.8% or 278.24 points to 35,116.40 while NASDAQ advanced 0.55% to about 14,761.30.\nOil prices were lower, with Brent crude futures down 0.39% to $72.13/barrel. U.S. crude futures shed 0.54% to $70.18/barrel.\nU.S. stock futures mostly lower. Dow Jones -0.07%; S&P 500 -0.08%; Nasdaq +0.01%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}