FTSE 100 – Chinese services PMI slips amid an ongoing sluggish recovery

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<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>China Caixin services PMI slips to 51.8</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>UK100 erases earlier losses</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Potential breakout confirmation could be a bullish signal</strong></li>
</ul>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">China is continuing its sluggish recovery this year with the latest Caixin services PMI slipping back to 51.8 from 54.1 and well below forecasts. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">As we saw in the official survey data last week, it highlights the economy is struggling from both weak internal and external demand.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">Measures to support the economy have been limited and targeted so far and there&#8217;s little to suggest that approach is going to change in the foreseeable future. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkF1c3RyYWxpYSdzJTIwYmlnZ2VzdCUyMHRyYWRpbmclMjBwYXJ0bmVyJTJDJTIwQ2hpbmElMkMlMjBpcyUyMGNvbnRpbnVpbmclMjBpdHMlMjBzbHVnZ2lzaCUyMHJlY292ZXJ5JTIwdGhpcyUyMHllYXIlMjB3aXRoJTIwdGhlJTIwbGF0ZXN0JTIwQ2FpeGluJTIwc2VydmljZXMlMjBQTUklMjBzbGlwcGluZyUyMGJhY2slMjB0byUyMDUxLjglMjBmcm9tJTIwNTQuMSUyMGFuZCUyMHdlbGwlMjBiZWxvdyUyMGZvcmVjYXN0cy4lMjBBcyUyMHdlJTIwc2F3JTIwaW4lMjB0aGUlMjBvZmZpY2lhbCUyMHN1cnZleSUyMGRhdGElMjBsYXN0JTIwd2VlayUyQyUyMGl0JTIwaGlnaGxpZ2h0cyUyMHRoZSUyMGVjb25vbXklMjBpcyUyMHN0cnVnZ2xpbmclMjBmcm9tJTIwYm90aCUyMHdlYWslMjBpbnRlcm5hbCUyMGFuZCUyMGV4dGVybmFsJTIwZGVtYW5kLiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJNZWFzdXJlcyUyMHRvJTIwc3VwcG9ydCUyMHRoZSUyMGVjb25vbXklMjBoYXZlJTIwYmVlbiUyMGxpbWl0ZWQlMjBhbmQlMjB0YXJnZXRlZCUyMHNvJTIwZmFyJTIwYW5kJTIwdGhlcmUncyUyMGxpdHRsZSUyMHRvJTIwc3VnZ2VzdCUyMHRoYXQlMjBhcHByb2FjaCUyMGlzJTIwZ29pbmclMjB0byUyMGNoYW5nZSUyMGluJTIwdGhlJTIwZm9yZXNlZWFibGUlMjBmdXR1cmUuJTIwVGhlJTIwUE1JJTIwZGF0YSUyMG1heSUyMGJlJTIwY29udHJpYnV0aW5nJTIwdG8lMjB0aGUlMjB3ZWFrZXIlMjBwZXJmb3JtYW5jZSUyMGluJTIwQ2hpbmElMjBhbmQlMjBIb25nJTIwS29uZyUyMG92ZXJuaWdodCUyMGFuZCUyMHRoZSUyMHVuaW5zcGlyaW5nJTIwc3RhcnQlMjBpbiUyMEV1cm9wZS4lMjIlN0QlNUQlN0QlNUQ="><span data-slate-node="text">The PMI data may be contributing to the weaker performance in China and Hong Kong overnight and the uninspiring start in Europe.</span></p>
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<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">The chart isn&#8217;t offering too many clues either, with early declines erased and the UK100 trading marginally higher on the day.</p>
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<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807379" src="https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06-1024×412.png" alt="" width="621" height="250" srcset="https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06-1024×412.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06-300×121.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06-768×309.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06-1536×619.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/09/UK100GBP_2023-09-05_14-52-06.png 1793w" sizes="(max-width: 621px) 100vw, 621px" /></a></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">Source &#8211; OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">The index has pulled off its lows over the last couple of weeks after a pretty miserable August but I&#8217;m not convinced the last month truly reflects the sentiment in the market going into the end of the year.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">It&#8217;s seen support this morning around 7,400, as it has on a number of occasions in months gone by after running into resistance yesterday around 7,500.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">That could perhaps be viewed as a bullish signal, a confirmation of the break above 7,400 last week, with 7,500 and 7,600 above the next notable areas of technical resistance.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">But broadly speaking, this still looks like an index that&#8217;s struggling for sustained direction. Perhaps with the end of global monetary tightening almost upon us, the outlook can become clearer which will enable a break in one direction or another.</p>