China Posts Uptick In Confidence Sending Oil Up
5 Mar
China’s Purchasing Manager’s Index (PMI), their leading manufacturing index rose to 49 from 45 in January. And who is one of our major trading partners? Does this mean China’s uptick is a relfection of our consumption? Positive news for China’s economy would hopefully suggest something of the same here, if the “fear factor” would subside. Thanks to reader and contributor Steve for this submission:
http://business.maktoob.com/NewsDetails-20070423214219-Oil_prices_jump_on_Chinese_demand_hopes.htm
Great idea for a site, sorry I just found it a year late. I have subscribed and will surely quote you often on twitter and while blogging.