An improvement in US and European manufacturing activity as well as news that the “official” Chinese PMI number climbed back into expansion territory for the first time in 8 months bodes well for a more sustainable global recovery effort.
Malaysia
The Situation in China Will Not Have a Major Impact on the US Economy
The Chinese economy continues to be a weight around the neck of many commodities, but another weight, in the form of the US Fed, comes into focus for the coming week.
Malaysia raises borrowing costs
The central bank of Malaysia boosted borrowing costs, marking the metric’s first increase in more than 36 months, according to Bloomberg.