China’s Stocks Head for Biggest Monthly Gains This Year
Bloomberg, (31/5) -- China’s stock-index futures rose before tomorrow’s
manufacturing report, signaling the benchmark index may extend its
biggest monthly gain this year.
Futures on the CSI 300 Index expiring in June added 0.3 percent to 2,635.60 as of 9:20 a.m. local time.
The Shanghai Composite Index fell 0.3 percent to 2,317.75 yesterday. The index has gained 6.4 percent in May, the most since December 2012. The CSI 300 Index lost 0.3 percent to 2,634.32 yesterday, while the Hang Seng China Enterprises Index fell 0.6 percent.
The government is scheduled to release results of its official manufacturing index for May tomorrow. The reading is estimated to be 50, down from the previous month’s 50.6, according to the median estimate of 27 economists. A preliminary reading by HSBC and Markit’s Purchasing Managers Index last week was 49.6, below the 50 level that divides expansion and contraction.
Futures on the CSI 300 Index expiring in June added 0.3 percent to 2,635.60 as of 9:20 a.m. local time.
The Shanghai Composite Index fell 0.3 percent to 2,317.75 yesterday. The index has gained 6.4 percent in May, the most since December 2012. The CSI 300 Index lost 0.3 percent to 2,634.32 yesterday, while the Hang Seng China Enterprises Index fell 0.6 percent.
The government is scheduled to release results of its official manufacturing index for May tomorrow. The reading is estimated to be 50, down from the previous month’s 50.6, according to the median estimate of 27 economists. A preliminary reading by HSBC and Markit’s Purchasing Managers Index last week was 49.6, below the 50 level that divides expansion and contraction.
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