It's the first time in 13 months that the PMI came in above 50. Maybe its indicating to us that China has now hit the bottom and stabilising.
New export orders rose to 52.4 from 46.7 in the prior month, while new orders declined to 50.1 from 51.2 previously. Output picked up to 51.3, 3.1pts higher. And the inventories picked up as well.
Looks good overall! Giving us a good push to Aud
Market is also believing that Eurozone itself will provide Greece with the funds that its needed. Risk rallying.
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