{"id":107619,"date":"2021-01-06T10:19:17","date_gmt":"2021-01-06T10:19:17","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107619"},"modified":"2021-01-06T10:20:31","modified_gmt":"2021-01-06T10:20:31","slug":"105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\/","title":{"rendered":"Aussie Outlook: Economic Numbers Help US Equities, Traders Eye China PMI"},"content":{"rendered":"<ul>\n<li>Pandemic worries sidestepped as economic numbers give hope.<\/li>\n<li>China services eyed after manufacturing&#8217;s strength.<\/li>\n<li>The Australia services sector expands.<\/li>\n<\/ul>\n<p>US indices rose yesterday, except the small-cap Russell 2000, ahead of the all-important Georgia Senate elections. Tech-laden Nasdaq Composite surged by 0.95 Percent leading the broad rally in which S&amp;P 500 and Dow Jones Industrial Average also finished in the green.<\/p>\n<p>The risk-on global sentiments assisted the US equities even with the possibility of the political developments dampening fiscal stimulus hopes, especially if Georgia favours the Republicans.<\/p>\n<p>The US&#8217;s economic numbers also helped the mood; the December ISM PMI data showed the manufacturing sector performing above analysts\u2019 expectations, calming worries over the impact of the rising coronavirus cases on the US economy.<\/p>\n<p>The pandemic rages across the US and the daily cases&#8217; seven-day average is now at 211k, Covid Tracking Project data says. The surge in the number of patients has forced many US states to tighten the restrictions; in California, the US Army Corps of Engineers has been deployed to tide over a critical shortage of oxygen.<\/p>\n<h3>Major Global Themes<\/h3>\n<p>In Europe, the restrictions are being increased to fight the new variant of the coronavirus.<\/p>\n<p>The Georgia verdict and Caixin Chinese PMIs will impact today\u2019s Asia-Pacific markets. The Chinese manufacturing activity continued its growth in December, albeit slowly than earlier. Traders will eye the PMI for clues regarding last month&#8217;s private services industry performance, and a print above 50 might assist the Yuan.<\/p>\n<p>Australian services sector showed an expansion, with Markit Economics December&#8217;s PMI final figure at 57.0. AUD will now await retail sales data next week along with the Westpac Consumer Confidence Index.<\/p>\n<p>At the time of writing, one Australian dollar buys 0.7812 US dollars, up 0.71% as of 10:19 AM UTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pandemic worries sidestepped as economic numbers give hope. China services eyed after manufacturing&#8217;s strength. The Australia services sector expands. US indices rose yesterday, except the small-cap Russell 2000, ahead of the all-important Georgia Senate elections. Tech-laden Nasdaq Composite surged by 0.95 Percent leading the broad rally in which S&amp;P 500 and Dow Jones Industrial Average [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":3593,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1547,1381],"tags":[2415,1541,3344,2898,2400,3388],"class_list":["post-107619","post","type-post","status-publish","format-standard","has-post-thumbnail","category-aud","category-usd","tag-aud-usd","tag-australian-dollar","tag-china-pmi","tag-covid-cases","tag-us-election","tag-westpac-index"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aussie Outlook: Economic Numbers Help US Equities, Traders Eye China PMI - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Aussie Outlook: Economic Numbers Help US Equities, Traders Eye China PMI\",\"datePublished\":\"2021-01-06T10:19:17+00:00\",\"dateModified\":\"2021-01-06T10:20:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/\"},\"wordCount\":299,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100040-gbp-aud-has-volatile-session.jpg\",\"keywords\":[\"aud\\\/usd\",\"australian dollar\",\"China PMI\",\"covid cases\",\"US election\",\"Westpac Index\"],\"articleSection\":[\"AUD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105183-aussie-outlook-economic-numbers-help-us-equities-traders-eye-china-pmi\\\/\",\"name\":\"Aussie Outlook: Economic Numbers Help US Equities, Traders Eye China PMI - 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