Stabilizing Chinese PMI Offers Investors Some Reassurance

China’s official factory gauge stabilized around a three-year low as government stimulus measures showed signs of steadying the weakness in manufacturing. The official purchasing managers index climbed to 49.8 in September, the National Bureau of Statistics said Thursday, compared with the median estimate of 49.7 in a Bloomberg survey, which was also the level in August. Readings below 50 indicate contraction.

Full Show: Bloomberg Daybreak: Americas (02/16)
15:45 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Themos Fiotakis, co-head of FX and rates strategy at UBS, and Sebastien Galy, director of FX strategy at Deutsche Bank, Steve Young, chief financial officer at Duke Energy Corp., Mitch Daniels, president at Purdue University, Mark Cabana, head of U.S. short rates strategy at Bank of America Merrill Lynch, and Steve Rattner, chairman at Willett Advisers, Steven Ricchiuto, chief economist at Mizuho Securities, and Trey Parker, head of credit at Highland Capital Management, Nick Pinchuk, chief executive officer at Snap-On Inc., and Paul Hickey, co-founder at Bespoke. Willett Advisors is an investment manager for Michael R. Bloomberg and his philanthropic foundation. (Source: Bloomberg)
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