Caixin

Global stock markets and Wall Street futures advanced yesterday after the downturn in China's service industries eased and news reports said the Biden administration might lift U.S. tariffs on some Chinese imports.

London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices gained to stay close to $120 per barrel.

China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings Beijing is setting back efforts to cut climate-changing carbon emissions from the biggest global source.

Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector slid to 48.9 points in April, according to a closely-watched business survey on May 2.

The Purchasing Managers’ Index (PMI) for Turkey’s manufacturing sector reached 52.9 in November amid strong demand, a closely monitored business survey revealed on Dec. 1.

Growth in China's manufacturing sector cooled slightly in July as foreign demand for Chinese goods slackened, but a government-led infrastructure push kept construction humming and helped prop up the world's second-largest economy. 

Activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September, a private survey showed, raising fears of a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets.

The manufacturing sector stagnated in Turkey in January as outputs, new orders, exports and purchases of inputs all declined despite a dramatic increase in employment, says the latest PMI data.

Turkey's manufacturing sector slowed down to start 2015, according to HSBC's Turkey Manufacturing Purchasing Manager Index (PMI), which was released by Markit on Feb. 2. 

The manufacturing sector stagnated in Turkey in January as outputs, new orders, exports and purchases of inputs all declined despite a dramatic increase in employment, says the latest PMI data.

Turkey's manufacturing sector slowed down to start 2015, according to HSBC's Turkey Manufacturing Purchasing Manager Index (PMI), which was released by Markit on Feb. 2.