Morning Bid: China's positive PMIs set bullish tone
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Asian markets are expected to start the new quarter on a positive note following evidence of a 'soft landing' in the US and positive manufacturing and service sector activity in China. The trading volume on Monday will be lighter than usual due to the Easter holiday in Europe, but US stock and bond markets are open. Key indicators to watch in Asia include manufacturing purchasing managers index reports from several countries, South Korean trade data, Indonesian inflation figures, and Japan's tankan business conditions surveys. The exchange rates of Japan's yen and China's yuan will also be under scrutiny. China's unofficial Caixin manufacturing PMI figures will be released on Monday. Investors will also be looking for evidence of economic momentum and recovery in domestic demand in Japan's tankan survey. Indonesian consumer inflation is expected to rise due to higher meat and food prices. Other highlights include more PMIs, inflation data from South Korea and the Philippines, and the latest monetary policy decision and guidance from the Reserve Bank of India.

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https://www.investing.com/news/economy/morning-bid-chinas-positive-pmis-set-bullish-tone-3358686