Asian stocks have opened on a positive note on the back of a strong overnight handover and on hopes that a Greek deal is in the offing. Nikkei is trading at a near 3-week highs. While Kospi is on course for a five-day winning streak as blue chips continued to power ahead.
The flash HSBC Purchasing Managers' Index (PMI) rose to 50.1 from January's 49.7 final reading, above the 50-mark which demarcates expansion from contraction, and better than a Reuters poll expecting a reading of 49.5.
The final HSBC Purchasing Managers' Index (PMI) fell 49.7, a touch below its 49.8 flash reading, and after dipping to 49.6 in December. A reading below 50 indicates contraction.
The flash HSBC Purchasing Managers' Index (PMI) came in at 49.8, after registering a 49.6 final reading in December, its first contraction in seven months. The 50-point mark separates growth from contraction.
Rising from 51.6 to 53.3, the headline seasonally adjusted HSBC India Purchasing Managers‘ Index (PMI) - a composite indicator designed to give an accurate overview of manufacturing operating conditions â€“ reached a 21-month peak in November.
The HSBC India Manufacturing Purchasing Managers' Index (PMI) for the manufacturing industry stood at 49.6 in September, higher from 48.5 in August, but remained below the crucial 50 mark for the second consecutive month.
Goldman Sachs says it has ended a recommendation to buy a basket of US stocks with the highest sales exposure to Brazil, Russia, India and China (BRIC) and instead prefers US firms with most exposure to the domestic market â€“ just one more sign that sentiment towards emerging markets is fading fast.
Leif Eskesen HSBC expects India's full year growth for FY14 at 6 percent. He feels Reserve Bank may cut policy rates at the June meeting by 25 basis points, though there is limited scope for further monetary easing.
Growth in Chinese and Indian services sector, two of the world's fastest growing economies eased sharply in April, a survey by HSBC showed on Monday. The HSBC services Purchasing Managers' Index (PMI) of China fell to 51.1 in April from 54.3 in March while that of India fell to 50.7 in April from 51.4 a month earlier.
Key equity benchmarks ended in green led by buying in metal and IT stocks. Indian shares consolidated for most part of the day in the absence of major economic data announcements this week. Asian shares surged across the board on stronger than expected US non farm payroll data.
Rajini Panicker, head of commodities at Phillip Capital shared her reading amd outlook on commodities like gold and copper. In the short-term, she expects gold prices to correct from the current levels to about USD 1,670 per ounce.
Indian private sector services business expanded at the fastest pace in six months in August, driven by the strongest growth in new business since February and increasing optimism about the future, a survey showed on Wednesday.
India's services sector expanded for the ninth straight month in July as new orders grew at a steady pace, but firms were less optimistic about the future.
China's factory sector contracted for an eighth straight month in June, with export orders and prices turning in their weakest showing since early 2009, a private-sector survey showed on Thursday.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
China's manufacturing sector activity shrank in March for a fifth successive month, with the overall rate of contraction accelerating and new orders sinking to a four-month low.
The Indian market has seen an almost 20% spike since the beginning of 2012. Pratik Gupta, Head of Equities - Deutsche Equities India tells CNBC-TV18 he sees consolidation taking place in Indian equities in the near-term.
India's manufacturing sector expansion slowed slightly in February from a month ago, although the pace of growth remained healthy as new orders touched a 10-month high.
China's factories grew more than expected in February as new export orders for big firms bounced back, a government survey showed.
Naina Lal Kidwai, country head for India and director at HSBC Asia Pacific tells CNBC-TV18 that the rising PMI number indicates the possibility of a likely uplift in corporate performance.
Mecklai Graph of the Day - Will Chinese PMI continue to show contraction?
China's factory-sector growth was close to stalling in June even as price pressures eased, a purchasing managers' survey showed on Thursday, reflecting the impact of tightening in monetary policy and slack global demand.