China PMI signals expansion in December manufacturing
China’s manufacturing activity expanded in December, as indicated by the nation’s official Purchasing Managers’ Index (PMI) whose reading came in slightly higher than expected.
China PMI for December was 50.2. Any reading above 50 suggests an expansion in activity. Economists polled by Reuters expected the official December manufacturing PMI to come in at 50.1.
Production accelerated and demand increased in December, according to the National Bureau of Statistics.
December was the second straight month of expansion for the index.
On December 13, the U.S. and China announced that they had reached a phase one trade deal, that includes (among several aspects) holding off and reduction of some U.S.tariffs, increased purchases by China of U.S. agricultural goods, and policies related to intellectual property and technology.
FXI in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 23, 2026
FXI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 36 cases where FXI's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 08, 2026. You may want to consider a long position or call options on FXI as a result. In of 103 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FXI just turned positive on July 07, 2026. Looking at past instances where FXI's MACD turned positive, the stock continued to rise in of 61 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FXI advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FXI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FXI entered a downward trend on July 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Industry description
Advertisement
General Information
Category Unknown
Advertisement