Global markets post best quarter in a decade as China’s factories strengthen – business live

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China PMI comes in at 50.9 in June.

That’s a positive reading, but only just.

Based on the PMI’s, China’s recovery is steady but unspectacular.

“The latest survey data suggest that economic growth accelerated in June thanks to a faster recovery in manufacturing and services, alongside continued strength in construction activity,

The recovery should remain robust in the coming months as strong infrastructure spending offsets external weakness.”

ICYMI: There were further modest signs of recovery in China this month, with the official NBS non-manufacturing PMI rising to a 7-month high of 54.4 in June, while the manufacturing PMI edged higher to 50.9

European Opening Calls:#FTSE 6235 +0.15%#DAX 12271 +0.32%#CAC 4959 +0.26%#AEX 562 +0.38%#MIB 19477 +0.15%#IBEX 7288 +0.13%#OMX 1676 +0.27%#STOXX 3238 +0.19%#IGOpeningCall

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