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RAYC - August Folds Into September: PRC PMI EMU CPI US NFP
Rayliant Quantamental China Equity ETF
The preliminary PMI estimates have already been released for many countries and are often good enough for investors. China's PMI is an exception.
While Beijing continues to press with its regulatory and social reforms, economic policymakers are eschewing large-scale fiscal or monetary initiatives.
The August CPI is unlikely to feature prominently at the ECB meeting (September 9).
The ADP report may be the pigeon in the coal mine and provide an alert about a potential surprise.