Forex news, CNYUSD. Today’s data from CFLP has shown that, according to the results of April 2012, the sector of processing industry in China is rising for the 5th month in a row, favoured by rising production volumes and despite declining volume of new orders.
PMI has shown the rise to 53.3 points versus 53.1 points in March, whereas analysts were predicting it to rise to 53.5 points. Index of Production has shown the rise to 57.2 points versus 55.2 points in March, having at the same time reached maximal point since last January.
As stated by Chinese economist Jzan Licun, PMI index keeps rising at a slow pace, and shortage of new orders is a signal of some uncertainty, in spite of economic stabilization.
According to April results, New Orders Index has dropped to 54.5 points versus 55.1 points in March, having at the same time remained above the key mark of 50 points for 4 months in a row. New Export Orders Index has risen to 52.2 points versus 51.9 points in March, whereas Import Index has dropped to 50.5 points versus 51.5 points in March (annual maximum).
Asian shares have risen by the end of the session, following a minor decline that resulted from data about US GDP. Regional index FTSE 100 CNBC Asia has risen by 1%, but trading was more modest.
Korean KOSPI has risen by 0.3 percent, and local shares have reached their top point by the end of the week, being supported by high performance of automobile companies and docks of return.
Australian S&P / ASX 200 has risen by 0.8 percent, having set the highest record since October 28.
Hong Kong Hang Seng Index has risen by 1.7%, having set the maximum since March 19. This has been favoured by the growth of the shares of Chinese banks, which followed the increase of their quarterly profit. During 2011 their profit has risen by 39%
Singapore Straits Times Index has dropped by 0.3%, New Zealand NZX 50 has risen by 0.7%, and Malazian index has risen by 0.2 percent.
CNYUSD keeps being traded within rising trend:
