A look at the day ahead in Asian markets from Jamie McGeever.
That's the broad market picture painted by manufacturing PMIs for the world's two largest economies on Wednesday, as Asian stocks excluding Japan surged 2% for their best day in two months, and two of Wall Street's three main indexesHow Asian markets trade on the second day of the month on Thursday may come down to which of these two forces retains the most momentum. The impact of Chinese and U.S. manufacturing purchasing managers index data on Wednesday was powerful.
in February, expanding at the fastest pace in more than a decade, and new export orders rose for the first time since April 2021. On top of that, Chinese consumers are back with a bang, with some of the world's top consumer and luxury goods companies saying
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